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What are the different kinds of presiding officers in the Senate, and what is the difference between them?
Average Total Cost
The sum of all production costs (both fixed and variable) divided by the total amount of goods produced.
Average Variable Cost
The total variable costs (costs that change with production levels) divided by the quantity of output produced, representing the per-unit variable cost.
Total Cost
The sum of all costs incurred by a firm in producing a certain level of output, including both fixed and variable costs.
Variable Cost
Costs that are directly correlated with the quantity of production or output generated.
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