Examlex
As a hard drive begins to get full, it takes less time to locate and manipulate the data stored on the drive.
Variable Cost
Costs that change in proportion to the good or service that a business produces.
Total Cost
The complete cost of production, including both fixed and variable costs.
Average Variable Cost
The cost per unit of producing goods or services that changes with the level of output, including costs like labor and materials, divided by the quantity of output produced.
Average Total Cost
The total cost divided by the quantity of output produced, representing the per-unit production cost.
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