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Which of the following involves a tangible action?
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced.
Marginal Cost
The extra cost incurred from the production of an additional unit, emphasizing its role in decision-making processes.
Average Total Cost
The aggregate expense of manufacturing divided by the total number of units produced.
Average Fixed Cost
The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.
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