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Monday, 6 May 2024, 12:58 AM
Site: Bcom International Supply Chain Management
Course: Bcom International Supply Chain Management (IMM)
Glossary: SCS Glossary
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Average Fixed Costs (AFC)

Average fixed costs (AFC) are fixed costs per item produced.

Average Product (AP)

Average product (AP) is the number of items produced per worker.

Average Revenue (AR)

Average revenue (AR) is revenue per item sold.

Average Variable Costs (AVC)

Average variable costs (AVC) are variable costs per item produced.