Examlex
Anthropologists, environmentalists, and the Haitian people all agree that __________ is desperately needed in Haiti; determining how to enact this change is more difficult.
Variable Cost
Expenses that vary directly with the level of production output, such as raw materials, labor, and energy costs.
Output
The total amount of goods or services produced by a company, sector, or economy within a specific time period.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the number of units produced.
Fixed Cost
refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
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