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As the senior administrative assistant in your sampany, you are often asked to review and critique PowerPoint presentation projects assigned to junior administrative assistants and interns. Lou, an intern in the marketing department, sends you an email with an attached presentation file. Lou asks you to run the slide show and give him some suggestions for ways to improve the slides' santent. While thinking about Lou's slide show, you realize that the message Lou is trying to make with the slide show was not clear to you until Slide 3. Otherwise the progression of the slide santent was fine. You quickly send Lou an interoffice instant message suggesting that ____.
Total Variable Cost
The sum of all costs that vary with the output level in the production of goods or services.
Total Fixed Cost
The cumulative total of all costs that do not alter in response to the quantity of production or output.
Average Variable Cost
The cost of each unit variable, determined by dividing the overall variable costs by the produced output quantity.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's production increases.
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