Examlex
With all its perception of opportunity, the expansion of global trade is still plagued by terrorism, nuclear proliferation, rogue states, and other issues.
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
Marginal Cost
The escalation in the entire cost linked to the output of an additional unit.
Average Cost
The cost per unit is determined by dividing the overall production cost by the total units produced.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced.
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