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Steve, a school student, is working on a Microsoft Word document for an assignment. He saves the document for the first time by clicking the Save button. Which of the following is the consequence of the action performed by Steve?
Fixed Costs
Costs that remain constant regardless of the amount of goods produced or sold, like wages or lease payments.
Marginal Costs
The extra expense incurred from making one more unit of a product or service.
Average Cost
The total cost of production divided by the number of goods produced, showing the cost of producing each unit.
Marginal Cost
The cost incurred to produce one additional unit of a product or service.
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