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The wavelength of radio waves can be longer than a football field.
Average Costs
Total costs (fixed and variable) divided by the total quantity of output produced, representing the cost per unit of production on average.
Variable Costs
Costs that change in proportion to the good or service that a business produces.
Shut Down
The cessation of operations, often temporarily, by a business or organization.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent or salaries.
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