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What role does customer service play in effective brand communication?
Average Variable Cost
The variable cost per unit of output, calculated by dividing total variable costs by the total output.
Average Total Cost
The total cost of production divided by the number of units produced, representing the per-unit cost of production.
Marginal Cost
The increase in cost that results from producing one additional unit of a good or service.
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance, providing a base cost for operating a business.
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