Examlex
The ending rate refers to the spot exchange rate forecast for the end of the budget period in the Lessard-Lorange Model.
ATC
Average Total Cost, which is the sum of all production costs divided by the quantity of output produced, a critical factor in economic analysis of a company's efficiency.
Shut-down Point
The level of operation at which a firm's total revenue is equal to its total variable costs, below which it is more beneficial for a firm to cease production.
Average Variable Cost
The variable cost (cost that changes with production volume) divided by the quantity of output produced.
Profit-maximizing
Refers to the process by which a company determines the price and output level that returns the greatest profit.
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