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Indifferent
A state of having no preference between two or more options, showing neither favor nor disfavor.
Variable Costs
Costs that vary directly with the level of production or sales volume.
Average Costs
The total costs (fixed and variable) of production divided by the total quantity of output, indicating the cost of producing each unit.
Fixed Costs
Costs that do not vary with the level of output or sales, such as rent, salaries, and loan payments.
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