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One example of a(n) __________ regime was the National Socialist (Nazi) party in Germany during World War II; military leaders there sought to control all aspects of national life, not just government operations.
Average Fixed Costs
The fixed costs of production (such as rent and salaries) divided by the quantity of output produced.
Average Total Costs
The overall expense of creating goods divided by the number of items produced.
Output
The quantity of goods or services produced by a firm, industry, or economy within a specified period.
Total Costs
The sum of all expenses a firm incurs in producing a product or offering a service, including both fixed and variable costs.
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