Examlex
How does technology sometimes make prioritizing difficult?
Output Decreases
A reduction in the amount of goods or services produced by a company or economy over a specific period.
Total Variable Cost
The overall expenses that change in proportion to the level of production or business activity.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, showing the cost of fixed resources per unit of output.
Total Fixed Costs
Expenses incurred by a business that do not vary with the level of production or sales, including lease payments and salaries of permanent staff.
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