Examlex
Saying "uh huh" to indicate you understand is using what is classified as a
Average Variable Cost
The total variable cost divided by the quantity of output, representing the variable cost of producing one additional unit.
Marginal Cost
The financial outlay for making an additional unit of a product or service.
Average Total Cost
The total cost divided by the number of goods produced; it includes all variable and fixed costs.
Average Variable Cost
The total variable cost divided by the quantity of output produced; it varies with production levels.
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