Examlex
______________ are a form of intranet that is still restricted but links to specific suppliers and customers to allow them controlled access to the organization's network and databases.
Marginal Output
The additional output that results from the use of one more unit of a production input, assuming other inputs are constant.
AVC
Average Variable Cost, the per unit cost of variable inputs divided by the total output produced, indicating the variable cost for each unit of output.
ATC
Stands for Average Total Cost, which is the sum of all production costs divided by the quantity of output produced.
Short Run
A period in economics during which some factors of production are fixed, making it impossible for a business to change major production facilities.
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