Examlex
Blood moves fastest when passing through a capillary.
Average Fixed Costs
The constant expenses in production, which remain unchanged regardless of output levels, when divided by the volume of output created.
U-shaped
A description often used in economics to describe the graphical representation of a situation where certain costs initially decrease, reach a minimum, and then start to increase as output expands.
TVC
Total Variable Cost; the entire cost associated with producing a given output level that varies with the quantity of output.
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