Examlex
Netflix sells its movie services using its website while Red Box sells its movie services using vending machines. From a customer's point of view, Netflix is using ____ and Red Box is using ___.
Pairs of Earrings
Not an economic key term, but could be referenced in examples relating to consumer goods or inventory.
AVC
Average Variable Cost, the cost per unit of varying the level of output, exclusive of fixed costs.
TVC
Total Variable Costs, which refers to all variable expenses associated with the production of goods or services.
Formula
A mathematical relation or rule expressed in symbols.
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