Tag: output
Variable Cost Ratio
What is the 'Variable Cost Ratio' The variable cost ratio is an expression of a company's variable production costs as a percentage...
Learning Curve
What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a...
Economic Efficiency
DefinitionEconomic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt. Depending on the context, it is...
Economies of Scale
In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output...
X-Efficiency
What is 'X-Efficiency' X-efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition. According to the...
GDP Gap
DefinitionThe GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output...
T+1 (T+2,T+3)
What is 'T+1 (T+2,T+3)' Abbreviations that refer to the settlement date of security transactions. The T stands for transaction date, which is...
T Distribution
What is 'T Distribution' A type of probability distribution that is theoretical and resembles a normal distribution. A T distribution differs from...
GDP Price Deflator
What is the 'GDP Price Deflator' GDP price deflator is an economic metric that accounts for inflation by converting output measured at...
Labor Productivity
What is 'Labor Productivity' Labor productivity is a measure of economic growth within a country. Labor productivity measures the amount of goods...