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Neural axons can extend several feet.
Fixed Costs
Costs that do not vary with the level of production or output, such as rent, salaries, and insurance.
Variable Costs
Variable costs are expenses that change in proportion to the level of production or business activity.
Average Fixed Costs
The total fixed costs of production divided by the number of units produced, representing the fixed cost per unit of output.
Total Costs
encompass all expenses incurred in the production of goods or services, including both fixed and variable costs.
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