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Female to Male Earnings Ratio
The comparison of the average earnings of women to the average earnings of men in the workforce, often used to evaluate gender wage gaps.
Long-Run Adjustment
Changes in production or operations that a firm can undertake over time to adapt to new conditions, typically involving capital investment.
Assembly-Line Plant
A manufacturing facility where products are assembled in a sequential manner along a conveyor belt or line.
Average Variable Cost (AVC)
The cost per unit produced that varies, found by dividing the total variable expenses by the amount of output generated.
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