Examlex
What are the types of virtualization?
Average Fixed Cost
The fixed expenses of a company divided by the number of units produced, showing cost per unit.
Average Variable Cost
Average variable cost is the total variable costs of production divided by the quantity of output produced; it changes with production volume.
Marginal Cost
The expenditure required to produce one more unit of a product or service.
Incremental Cost
The additional cost associated with producing one more unit of a product or service.
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