Examlex
Which of the following contact methods has the poorest response rate?
Variable Cost
Costs that change in proportion to the level of activity or volume of goods produced.
Fixed Cost
Costs that do not vary with the level of output or sales, such as rent, salaries, or property taxes, consistent regardless of business activity.
Output
Output refers to the total amount of goods and services produced by a country, company, or economic system.
Average Total Cost
Is calculated by dividing total cost by the quantity of output produced, reflecting the per-unit cost of production.
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