Examlex
According to your text, the downside of being social is that ____.
AVC
Average Variable Cost, the total variable cost divided by the number of units produced, reflecting costs that change with output.
Short-Run
A period during which at least one of a firm's inputs is fixed, limiting its ability to adjust to demand changes.
AVC
Average Variable Cost, which is the total variable costs of production divided by the quantity of output.
Short Run
A period in which at least one of a firm's inputs is fixed and cannot be varied.
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