Examlex
The evolution of computer science began before the development of the first computer system.
Short-run Supply Curve
Shows the relationship between the price of a good and the quantity supplied over a short period, when at least one input is fixed.
Minimum Point
The point at which a function reaches its smallest value, often used in the context of costs or optimization problems.
Short Run
A period of time during which at least one input of production is fixed, affecting the firm's ability to adjust production levels.
Variable Cost
A cost that depends on the quantity of output produced; the cost of a variable input.
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