Examlex
What element is necessary for the production of triiodothyronine (T3) and thyroxine (T4) ?
Marginal Cost Curve
A graph showing how the cost of producing one more unit of a good varies as the quantity of production increases.
Short Run
in economics, refers to a period during which at least one factor of production is fixed, and firms can adjust only the variable factors.
TVC
Total Variable Cost, which refers to all variable expenses that change with the level of output.
Short Run
A period of time in economics during which at least one input is fixed, limiting the ability of the economy or firm to adjust.
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