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Rene has noticed that in her organization, only men are promoted to the senior positions. She feels that she is as qualified as her male counterparts, but has been denied any promotion for the past two years. Though she likes her job, she feels unappreciated and decides to quit the organization. This is an example of _____.
Average Variable Cost
The total variable cost of production divided by the number of units produced, indicating the variable cost per unit.
Break-even Point
The point at which total cost and total revenue are equal, meaning there is no profit or loss.
Average Total Cost (ATC)
Total cost divided by output.
Average Variable Cost (AVC)
Variable cost divided by output.
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