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Which type of home has a tendency to depreciate in value?
Constant Costs
Costs that remain the same in total, regardless of changes in the volume of goods or services produced.
Average Variable Cost
The total variable costs of production divided by the quantity of output produced; it shows the variable cost per unit.
Average Fixed Cost
The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced, decreases as production increases.
Average Total Cost
The total cost of production divided by the quantity of output produced, representing the cost per unit of production.
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