Examlex
When the market rate of interest is greater than the face rate of interest which of the following is created.
AFC
Average Fixed Costs, which represent the fixed costs per unit of output, calculated by dividing total fixed costs by the number of units produced.
AVC
Average Variable Cost (AVC) is the total variable costs of production divided by the quantity of output produced, reflecting the cost per unit of varying the level of output.
ATC
Average Total Cost, which is the total cost of production divided by the number of goods produced.
Variable Costs
Costs that change in proportion to the level of activity or volume of production in a business.
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