Examlex
A fundamental philosophical change in the focus of juvenile justice is reflected in the three new disposition or sentencing practices that are listed below.Which of the following does NOT belong?
Average Variable Cost
The total variable cost divided by the number of units produced, representing the variable cost per unit of output.
Average Fixed Cost
The fixed costs (costs that do not change with the level of output) of producing a good or service, divided by the quantity of output produced.
Total Cost
The entire cost of production, including both fixed and variable costs.
Average Total Cost
Average total cost is the total cost of production (fixed plus variable costs) divided by the total quantity produced, indicative of the cost per unit at different levels of output.
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