Examlex
The Mohs scale is a relative measure of which physical property of minerals?
Short Run
A period in economics during which some factors of production are fixed, making it impossible for a business to change major production facilities.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced; it decreases as production increases.
Output
The cumulative output of goods and services from a company or an economic system.
Average Total Cost
The total cost of production divided by the total number of units produced, representing the per unit cost of production.
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