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Briefly define virtualization.Draw a simple diagram of how virtualization is used to create virtual machines.Your diagram should include: an application layer,a virtualization layer,and a hardware layer.
Cost Curve
A graph showing the relationship between the cost of producing goods and the quantity produced.
Average Fixed Cost
Production's unchanging charges, unaffected by output levels, divided by the total output quantity.
Average Variable Cost
The cost a company incurs to produce one additional unit of a product, calculated by dividing the total variable costs by the number of units produced.
Average Variable Cost
The cost per unit of variable inputs (like labor or materials) for producing a good, which changes with the level of output.
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