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Describe and discuss the Dawes Act of 1887 and the Indian Reorganization Act of 1934. How did these acts impact Native Americans?
Average Variable Cost
The total variable costs (like materials and labor) divided by the quantity of output produced, indicating the cost of producing each unit.
Fixed Capital
Long-term assets used in the production of goods and services, such as buildings, machinery, and equipment.
Variable Labor
Labour costs that vary directly with the level of production or output in a business.
Average Variable Cost
The cost per unit of output that varies with the level of production, excluding fixed costs.
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