Examlex
Specific communication should avoid extreme and either-or statements,as these types of statements deny that alternatives may exist.
Average Variable Cost
The total variable costs of production divided by the quantity of output produced.
Total Variable Cost
The sum of expenses that vary directly with the level of production or sales volume.
Variable Costs
Costs that change in proportion to the level of activity or volume of production.
Fixed Costs
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance payments.
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