Examlex
Which of the following are not major IT applications?
Variable
A characteristic, number, or quantity that can change or vary, taking on different values in a mathematical model, statistical experiment, or real-life situation.
Output
The quantity of goods or services produced by a firm, industry, or economy within a certain period.
AVC
Average Variable Cost, which is the variable cost per unit of output, typically analyzed in the short run.
AVC
Stands for "Average Variable Cost," which is the total variable cost divided by the number of units produced, in the context of economics.
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