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How are on-demand 4WD systems controlled?
Total Cost
The aggregate expenditure incurred by a business to produce, buy, or sell goods and services, including fixed and variable costs.
Inputs
Resources such as labor, materials, and capital that are used in the production process to create goods or services.
Average Total Cost
The total cost divided by the quantity produced, calculating the per-unit cost of production.
Variable Cost
Charges that adjust in alignment with the volume of production or output levels.
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