Examlex
Services that specialize in intermodal shipping are known as intermodal marketing companies.
Total Fixed Costs
The sum of all costs that do not change with the level of production or services provided, such as rent and salaries.
Average Variable Cost
The total variable cost of producing a good divided by the quantity of the good produced, representing the variable cost per unit.
Average Total Costs
The total costs of production (fixed plus variable) divided by the total quantity of output produced, expressing the cost on a per-unit basis.
Economies of Scale
The savings that organizations achieve through their size of operation, where the expense per produced unit consistently decreases with an upscaling in operation.
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