Examlex
Which of the following statements about VLSM characteristics are true? (Choose two.)
Marginal Revenue
The additional income from selling one more unit of a good; sometimes equal to the price of the good.
Total Fixed Costs
The sum of all costs that remain constant regardless of the level of production or output in a business.
Recession
A period of declining real GDP, accompanied by lower real income and higher unemployment.
Average Fixed Cost
The fixed expenses of a business spread out over the total number of units produced, decreasing as production increases.
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