Examlex
Design for automation is when robots are used to decrease assembly costs and bear the brunt of difficult work.With P/OM thoughtful care,the robots can disassemble too.
Average Revenue
The amount of money received by a firm per unit of output sold.
Average Variable Cost
The total variable costs divided by the quantity of output, representing the variable cost per unit of output produced.
Average Total Cost
The total cost of production divided by the total output or quantity produced, indicating the cost per unit of output.
Average Fixed Cost
The fixed costs of production (costs that do not change with the amount of output) divided by the quantity of output produced.
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