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How would a conflict theorist look at the educational system in the United States? How would a functionalist look at the educational system? What is one commonality between these two perspectives? What is one important difference?
Average Fixed Cost
The cost incurred for fixed inputs (rent, salaries) divided by the quantity of output produced, which decreases as production increases.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor, in contrast to fixed costs.
Total Cost
The complete sum of all expenses incurred by a business or individual in producing a good or service.
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, salaries, or insurance premiums.
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