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How are computer-generated weather forecasts prepared?
Average Total Costs
The total expenses incurred in the process of producing or offering a good or service, divided by the quantity of goods or services produced or offered.
Average Variable Costs
The sum of all variable production costs divided by the total number of units produced.
Output
The amount of something produced by a person, machine, or industry.
Average Cost
The total cost divided by the quantity produced, measuring how much on average each unit of output costs to produce.
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