Examlex
Which of the following are real assets?
Average Fixed Costs
The fixed expenses of a business divided by the number of units produced, demonstrating how those costs dilute with increased production.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own production instead of earning income from these resources elsewhere.
Explicit Costs
Direct, out-of-pocket payments made for operations or production, such as wages, rent, and materials.
Average Fixed Cost
The constant expenses associated with production (expenses unaffected by output levels) divided by the volume of production.
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