Examlex
OSHA impacts job design by requiring jobs to be designed with the health and safety of employees in mind, such as detailing what personal protective equipment an employee may need to wear as part of the job.
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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