Examlex
Which of the following are entitled to the remainder of the estate after all other rightful claims on the estate have been satisfied?
Average Variable Cost
The total variable cost per unit of output, obtained by dividing total variable costs by the quantity of output.
Output
The total amount of goods or services produced by a company or country.
TVC
Total Variable Cost, the sum of all variable costs (costs that vary with production volume) associated with producing a specific quantity of a good or service.
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