Examlex
Describe the user interface component of a decision support system (DSS).
Average Variable Cost
The total variable cost divided by the number of units produced, representing the average cost per unit of output that varies with production.
Average-Fixed-Cost Curve
A graphical representation that shows the average fixed costs of production at different levels of output.
Average-Total-Cost Curve
Graphical representation that shows how the average total costs of production change as the quantity of output is altered.
Average-Fixed-Cost Curve
A graphical representation that shows how the average fixed costs of production decrease as the quantity of output increases, due to spreading fixed costs over a larger number of units.
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