Examlex
A(n)functional résumé is organized around a list of skills and accomplishments.
Variable Costs
Costs that vary directly with the level of output or production, such as materials and labor costs.
Industry Short-run
A period in which at least one of a firm's inputs is fixed, limiting the firm's ability to adjust fully to market changes.
Marginal Cost
The financial addition incurred by manufacturing one more unit of a product or service.
Fixed Cost
represents expenses that do not change in total regardless of the level of output or activity, such as rent or salaries.
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