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Which of the following philosophical theories places emphasis on following rules,rather than on the consequences of the decision?
Average Total Cost
The total cost divided by the number of units produced, representing the cost per unit of output.
Average Variable Cost
Average Variable Cost is calculated by dividing the total variable cost (cost that changes with the amount of output) by the quantity of output produced.
Marginal Cost
An incremental expense associated with manufacturing one extra item of a product.
Average Fixed Cost
The total fixed costs divided by the number of units produced, representing how fixed costs dilute with increased production.
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