Consider the following traders who meet.
Which, if any, pairs of traders has a double coincidence of wants?
Definitions:
Total Cost
The total expense of production encompassing both constant and fluctuating costs.
Average Variable Cost
The total variable costs of production divided by the quantity of output produced.
Total Variable Cost
The sum of expenses that vary directly with the level of production or sales volume.
Variable Costs
Costs that change in proportion to the level of activity or volume of production.
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