Examlex
According to the Sentencing Reform Act of 1984, how are judges to determine the sentence for the guilty?
Fixed Factor
A resource or input whose quantity cannot easily be changed in the short run.
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.
AVC
Average variable cost, which is the total variable cost divided by the quantity of output produced.
ATC
Stands for Average Total Cost, which is the total cost per unit of output produced.
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