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What was Henry Lawrence Gantt's contribution to scientific management?
Total Cost
The complete expenditure incurred in the production of goods or services, including fixed and variable costs.
Output
The total amount of something produced by a person, machine, or industry.
Average Variable Cost
The total variable costs (costs that change with production levels) divided by the quantity of output produced.
Output
The total quantity of goods or services produced within a specific period by a firm or industry.
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