Examlex
Nitrogen oxides can combine with water in the atmosphere and form nitric acid, one of the components of harmful acid deposition.
Fixed Cost
Costs that remain constant regardless of the amount of goods produced or sold, including expenses like lease payments, employee wages, and insurance fees.
Variable
A characteristic, number, or quantity that can change or vary, taking on different values in a mathematical model, statistical experiment, or real-life situation.
Output
The quantity of goods or services produced by a firm, industry, or economy within a certain period.
AVC
Average Variable Cost, which is the variable cost per unit of output, typically analyzed in the short run.
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