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Average Variable Cost
The variable cost (costs that change with the level of output) per unit of output, calculated by dividing total variable costs by the quantity of output produced.
Fixed Costs
Expenses that do not change regardless of the level of production or sales activities, such as rent or salaries.
Birthday Cakes
Specifically designed cakes consumed as part of a celebration of an individual's birthday, often decorated and personalized according to preferences.
Marginal Cost
The augmentation in complete financial commitment resulting from the manufacture of one more unit of a good or service.
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