Examlex
In Brazil's open list proportional representation system
Variable Costs
Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.
Shut Down
A short-term decision by a firm to cease operations temporarily due to unfavorable market conditions.
ATC Curve
Average Total Cost Curve; a graph that shows the per-unit cost of production at every level of output.
AVC Curve
Average Variable Cost Curve, it represents the change in variable cost associated with producing more units of a good or service.
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