Examlex
Which of the following is an input to the master production schedule?
Output
The cumulative quantity of products or services generated by a corporation or nation.
AVC
Average Variable Cost is the total variable costs divided by the quantity of output.
Diminishing Returns
A principle in economics where each additional unit of input results in a progressively smaller increase in output.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm or industry's output expands.
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