Examlex
Objective analysis measures food characteristics as identified by
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total quantity of output produced.
Average Fixed Cost
The fixed cost per unit produced, calculated by dividing total fixed costs by the quantity of output produced.
Marginal Cost
The charge for generating one more unit of a good or service.
Total Variable Cost
Total variable cost is the sum of all costs that vary directly with the level of production or output, such as materials and labor.
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