Examlex
The PowerPoint Spelling checker is advanced enough to notice errors such as using the word "dessert" instead of "desert."
Shut Down
A short-term decision by a firm to cease operations temporarily due to unfavorable market conditions.
ATC Curve
Average Total Cost Curve; a graph that shows the per-unit cost of production at every level of output.
AVC Curve
Average Variable Cost Curve, it represents the change in variable cost associated with producing more units of a good or service.
Variable Input
An input in the production process that can be altered in the short term to adjust the level of output.
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