Examlex
Bar codes and _____ are popular ways of identifying material location information.
Price of Labor
The wage rate paid to employees, essentially the cost of labor to employers.
AVC Curve
A graph that shows the average variable costs of production at different levels of output.
Variable Resource
An input or factor of production whose quantity can be changed easily by a firm as its output level changes.
Total Variable Costs
The costs that vary directly with the level of production or output.
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