Examlex
The rules of affirmative action often require employers to:
Average Variable Cost
Average variable cost is the total variable cost divided by the quantity of output produced, indicating the variable cost of producing each unit of output.
Fixed Cost
Costs that do not change with the level of output or sales, such as rent, salaries, and loan payments.
Interest Rate
The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.
Net Profit
The actual profit after working expenses not included in the calculation of gross profit have been paid.
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