Examlex
____ software is used by architects and engineers.
Average Total Cost
The total cost of production divided by the total number of units produced, representing the per unit cost of production.
Average Variable Cost
The cost of labor, materials, and other inputs that change with the level of output, averaged over the quantity produced.
Output
The total amount of goods and services produced by an economic entity in a specific period.
Total Cost
The sum of all costs involved in producing a given level of output, including both fixed and variable costs.
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