Examlex
TSH is the abbreviation for one of the pituitary gland hormones.
Total Output
The total quantity of goods or services produced by a firm or economy.
Fixed Costs
Expenses that do not change with the level of goods or services produced by a business.
Variable Costs
Expenses that vary directly with the level of production or volume of output.
Average Variable Cost
The total variable cost divided by the quantity of output produced, showing how variable costs change with output levels.
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