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Assume a farmer has the ability to produce corn and/or beans. Whenever the farmer spends 1 hour less producing corn and 1 hour more producing beans, he reduces his output of corn by 2 bushels and raises his output of beans by 3 bushels. In view of these assumptions, the farmer's production possibilities frontier is bowed out.
Average Cash Balance
The mean amount of cash held by a company over a specific period of time.
Weighted Average Delay
The average time delayed, taking into account the importance or weight of each component being delayed.
Collection Delay
The amount of time it takes for a business to receive the payment after it has issued an invoice.
Average Amount
The mean value obtained by dividing the sum of all values by the number of values.
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