Examlex
________ are the different types of online media that organisations own and use to communicate with their customers without having to pay third party ________.
Average Variable Cost
The per-unit variable cost of production, calculated by dividing total variable costs by the quantity of output produced.
Marginal Cost
The increase in total production cost when output is increased by one unit.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor.
Fixed Cost
Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.
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