Examlex
Entropy is
Constant Cost Industry
An industry in which the input prices and the costs of production do not change as the industry's output changes.
Downward Sloping
Describes a curve or line on a graph that shows a decrease in one variable as another variable increases, typical of demand curves in economics.
Aluminum Cans
Containers made from aluminum used for packaging beverages and food items.
Long-run Average Total Cost
A metric reflecting the per-unit cost of producing a certain output level, considering all variable and fixed costs over time.
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