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To correct an error marked by either the spelling or grammar checker,you can right-click the error,and then select the correct replacement on the _______ menu.
Average Variable Costs
The total variable costs of production divided by the quantity of output produced.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.
Average Variable Cost
The total variable cost per unit of output, obtained by dividing total variable costs by the quantity of output.
Output
The total amount of goods or services produced by a company or country.
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