Examlex
List the volumes of air associated with each of the following lung capacities.
inspiratory reserve volume
expiratory reserve volume
tidal volume
residual volume
vital capacity
total lung capacity
Variable Costs
Costs that change in proportion to the level of goods or services a company produces.
Sunk Costs
Costs that have already been incurred and cannot be recovered, and thus should not affect future economic decisions.
Average Fixed Cost
Is the fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.
Marginal Cost
The cost associated with producing one additional unit of a product, which can vary depending on the level of production.
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