Examlex
The trend in most companies is to have more variable costs and fewer fixed costs.
Output
The quantity of goods or services produced by a firm or industry.
Short Run
A period in economics during which at least one factor of production is fixed, constraining the firm's capacity to adjust to changes in demand or supply.
Declines
A decrease in value, amount, or quality over a certain period.
Fixed Costs
Costs that do not vary with the level of output in the short term, such as rent, salaries, and equipment leases.
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