Examlex
Cleft palate is ____.
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.
Marginal Cost
The escalation in the entire cost linked to the output of an additional unit.
Average Cost
The cost per unit is determined by dividing the overall production cost by the total units produced.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced.
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