Examlex
Themes specify how information in an Outlook folder is organized and which details are visible.
Average Fixed Costs
Costs that do not vary with the level of output and are averaged over the total number of units produced.
Marginal Costs
The expense associated with manufacturing an extra unit of a product or service.
TVC
The total expenses a firm incurs that increase or decrease with the level of output, essentially another term for total variable costs with a rephrased definition.
AVC
Average Variable Cost, which is the total variable costs divided by the quantity of output produced, reflecting the variable cost per unit.
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