Examlex
Term for identification: Ho Chi Minh trail
Total Cost
The complete expenditure incurred in the production of goods or services, including fixed and variable costs.
Output
The total amount of something produced by a person, machine, or industry.
Average Variable Cost
The total variable costs (costs that change with production levels) divided by the quantity of output produced.
Output
The total quantity of goods or services produced within a specific period by a firm or industry.
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