Examlex
GDS evolved from YMS.
Output Rate
The output rate is the speed at which goods or services are produced over a specific period of time, often measured to evaluate productivity.
Fifth Worker
Refers to an addition to a workforce that exemplifies the impact or utility of hiring an additional employee in a given scenario.
Marginal Cost Curve
A graphical representation showing the change in total cost produced by making one additional unit of a good or service.
Average Variable Cost
The total variable cost of producing goods divided by the quantity of goods produced.
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