Examlex
If the defendant testifies that it was physically impossible for him to have committed a crime because he had a bad back and could not lift the heavy object that was stolen:
Average Fixed Cost
The fixed cost per unit produced, calculated by dividing total fixed costs by the number of units produced.
Average Variable Cost
The variable cost per unit, calculated by dividing total variable costs by the quantity of units produced.
Total Cost
The sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Total Variable Cost
The overall expense that varies with production output, including costs like labor and raw materials.
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