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In The General Theory of Employment, Interest, and Money, Keynes
Fixed Costs
Expenses that remain constant regardless of the amount of output or sales, including lease payments, employee wages, and insurance costs.
Average Costs
The total costs divided by the total quantity produced, expressing the cost per unit of goods or services.
Transfer Price
The price at which goods, services, or intellectual property are traded between divisions within the same organization.
Market Price
The current price at which a good or service can be bought or sold in a marketplace.
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