Examlex
Based on the archaeological record from various areas,what was the initial effect of agriculture on height?
Output
Represents the total amount of goods and services produced by an economy over a specific period.
Average Variable Cost
The total variable costs (costs that change with the amount of output produced) divided by the quantity of output produced.
Fixed Cost
Costs that do not vary with the level of output or activity, such as rent or salaries.
Marginal Cost
The increased cost incurred from making one more unit of a product or service.
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