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Describe three sources besides their supervisors and peers from whom newcomers can seek information to manage their uncertainty. Include an example of the type of information those sources might provide to assist the newcomer.
Average Variable Cost
The total variable cost of producing a good divided by the quantity of the good produced, representing the variable cost per unit.
Average Total Costs
The total costs of production (fixed plus variable) divided by the total quantity of output produced, expressing the cost on a per-unit basis.
Economies of Scale
The savings that organizations achieve through their size of operation, where the expense per produced unit consistently decreases with an upscaling in operation.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's size or output increases beyond a certain point.
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