Examlex
For Hall, popular culture
Output
The total amount of goods or services produced by a company, sector, or economy within a specific time period.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the number of units produced.
Fixed Cost
refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.
Cell Phones
Portable electronic devices that allow for telecommunication over a network of stations without the need for a physical connection to a telephone line.
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