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What is the most abundant form of matter in the universe?
Total Cost
The aggregate expenditure related to the manufacturing of products or services, which includes both stable and changeable costs.
Variable Inputs
Inputs in production that change in quantity depending on the level of output, such as raw materials and labor.
Marginal Cost
The expense associated with manufacturing an extra unit of a product or service.
Average Fixed Cost
is calculated by dividing the total fixed costs of production by the quantity of output produced, showing the cost per unit of output.
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