Examlex
Top management is responsible for developing long-term:
Output
The quantity of goods or services produced by a firm, industry, or economy within a certain period.
AVC
Average Variable Cost, which is the variable cost per unit of output, typically analyzed in the short run.
AVC
Stands for "Average Variable Cost," which is the total variable cost divided by the number of units produced, in the context of economics.
ATC
Average Total Cost, which is the total cost of production divided by the quantity of output produced, indicating the average cost per unit of output.
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