Examlex
Tears are produced in the ________ and drain into the ________.
Average Total Cost
The total cost of production divided by the number of units produced, representing the per-unit cost of production for a firm.
Rising
An increase or upward trend in value, quantity, or importance.
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.
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