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What would be the first line of the module for a function named Mileage with parameters Miles and Rate?
Variable Costs
are costs that vary in proportion to the level of production or sales volume, such as raw materials and direct labor costs.
Output
Output usually refers to the total amount of goods and services produced by a company, industry, or economy within a specific period.
Total Revenue
The full amount of income generated by the sale of goods or services by a company before any costs or expenses are subtracted.
ATC
Average Total Cost, which is calculated by dividing the total cost of production by the quantity of output produced. It includes both fixed and variable costs.
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