Examlex
Which of the following is not true of cladistics?
Average Variable Cost
Average variable cost is the cost that varies with the level of output, divided by the quantity of output produced, essentially the variable cost per unit of output.
Average Total Cost
The total cost divided by the number of units produced, calculating the cost on a per-unit basis.
Profit-maximizing
Profit-maximizing refers to strategies or behaviors undertaken by firms aiming to achieve the highest possible profit from their operations.
Economic Profit
The differential tally between gross receipts and total obligations, including costs both acknowledged and undeclared.
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