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Spanish authorities allowed Moses Austin to settle in Texas because
Average-Variable-Cost
The total variable cost divided by the quantity of output produced.
Marginal Costs
The investment required to manufacture an incremental unit of a product or service.
Variable Costs
Costs that change in proportion to the level of activity or production volume.
Fixed Costs
Costs that do not change with the level of output produced by the firm, such as rent, salaries, or loan repayments.
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