Examlex
One of the most celebrated applications of the notion of diminished capacity was
Long-Run Average Total Cost
The average cost per unit of output when all factors of production, including capital, are variable in the long term.
Slope
In mathematics, the slope of a line is a number that describes both the direction and the steepness of the line.
Average Total Cost
Total production expenses per unit of output, calculated by dividing the production costs by the quantity produced.
Mixers
Devices used to blend or mix ingredients together in cooking or in beverage preparation; also refers to non-alcoholic beverages mixed with alcoholic drinks.
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