Examlex
How does the insect olfactory circuit resemble the vertebrate olfactory circuit?
Average Variable Cost
The total variable cost per unit of output, obtained by dividing total variable costs by the quantity of output.
Output
The total amount of goods or services produced by a company or country.
TVC
Total Variable Cost, the sum of all variable costs (costs that vary with production volume) associated with producing a specific quantity of a good or service.
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