Examlex
The beam of electrons that hits the screen of an oscilloscope is moved up and down by:
Variable Input
A factor of production whose quantity can be changed easily and flexibly by a firm in the short run to adjust output levels.
Average Variable Cost
The total variable cost divided by the quantity of output produced; it shows the variable cost per unit of output.
Marginal Product
The extra output generated from the inclusion of one additional unit of a particular input while maintaining all other inputs unchanged.
Variable Cost
Costs that change in proportion to the level of production output or activity level of an entity.
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