Examlex
Isotopes are elements with the same number of
Variable Costs
These vary with output. When output rises, variable costs rise; when output declines, variable costs fall.
Break-Even Points
The production level or point in sales at which total revenues equal total expenses, resulting in neither profit nor loss.
Shutdown Point
The level of operations where a company's revenue from goods or services sold just covers its variable costs, beyond which it becomes more cost-effective to halt production.
Short Run
A period in which at least one input, such as plant size or capital, is fixed and cannot be varied to change output levels.
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