Examlex
High-level languages were developed for first-generation computers.
Shuts Down
A temporary or permanent cessation of operations by a firm when it is not covering variable costs of production or facing insolvency.
Total Cost
The entirety of spending on the production of products or services, incorporating both costs that are constant and those that can change.
Suffer Losses
A situation where a business or individual incurs expenditures that exceed their revenues or income, resulting in a negative financial outcome.
Output Ranges
Output ranges refer to the span of production levels that a firm or economy can achieve within certain capacities or under specific conditions.
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