Examlex
Endocytosis and exocytosis are means of transport used by
Short Run
A time period in economics during which at least one input is fixed, limiting the ability of the economy or firm to adjust to changes in demand or supply.
AVC
Average Variable Cost, the total variable costs (labor, materials, etc.) divided by the quantity of output produced, illustrating how variable costs change with the level of output.
Shutdown Point
The point where a firm's revenue is not enough to cover its variable costs, leading to a decision to cease production temporarily.
Short Run
In economics, a period during which at least one input, like factory size or machinery, is fixed and cannot be changed, as opposed to the long run where all factors can be varied.
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