Examlex
What are three automatic features that may occur while you are typing in Word? Describe what each feature does and how to use the feature.
Variable Cost
A cost that increases when the firm increases its output and decreases when the firm reduces its output.
Short Run
Describes a period during which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand or supply conditions.
Baking Supplies
Baking supplies encompass all tools, ingredients, and materials used in baking, ranging from flour and sugar to ovens and mixing tools.
Fixed Cost
Any cost that in total does not change when the firm changes its output.
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