Examlex
In a direct transfer from one qualified retirement plan to another qualified retirement plan, the employer must withhold 20% of the amount of the direct transfer.
Economists
Professionals who study, develop, and apply theories and concepts from economics to understand how economies function and how economic agents interact.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the number of units produced, indicative of the cost per unit of production.
Average Variable Cost
The per unit cost of production that varies with the level of output, including costs such as labor and materials.
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the overall returns will eventually decrease after a certain point.
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