Examlex
When used in reference to producing a radio commercial, the term "board" refers to the:
Variable Cost
A variable cost changes in direct proportion to the level of production or activity in a business, such as materials and labor.
Marginal Cost
The additional expense incurred from generating one more unit of a product or service.
Total Fixed Costs
The total of all expenses that stay unchanged no matter the amount of production or output.
Average Variable Costs
The variable cost (e.g., labor, raw materials) per unit of output, calculated by dividing total variable costs by the quantity of output produced.
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