Examlex
Technician A says press bending reduces the diameter of tubing. Technician B says a mandrel bender prevents changes in a tube's diameter during the bend. Who is correct?
AFC
Average Fixed Cost, the fixed costs of production divided by the quantity of output produced.
Variable Costs
Costs that change in proportion to the good or service that a business produces, such as materials and labor.
Output
The sum of all products or services generated by a business or economic system.
Market Price
The current value at which an asset or service can be bought or sold, determined by supply and demand forces in the open market.
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