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Lately, Maya has had difficulty keeping up with the amount of work her new project requires.To determine how much time she is spending on high-priority and low-priority responsibilities, Maya should analyze how she spends her time using a _________.
Average Cost
The cost per unit of output, typically calculated by dividing total costs by the total quantity produced; synonymous with average total cost.
Production
The process of creating, growing, manufacturing, or improving goods and services.
Total Variable Cost
The sum of expenses that vary directly with the level of production or output, such as materials and labor.
Total Fixed Cost
The sum of all costs required to produce a good or service that do not change with the level of output.
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