Examlex
What will be displayed after the following code has been executed?
Int x = 65;
Int y = 55;
If (x >= y)
{
Int ans = x + y;
}
System.out.println(ans) ;
AVC
Stands for Average Variable Cost, which is the total variable cost per unit of output.
Short-Run Supply
The supply of goods that occurs when the sellers are only able to change some, but not all, conditions of production.
Diminishing Marginal Returns
A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.
Perfectly Competitive
A perfectly competitive market is one where many buyers and sellers trade identical products so that each has no influence on the market price.
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