Examlex
Most psychological tests can be placed in one of two broad categories:
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of production and the cost per unit of production decrease.
Average Total Cost
The total cost of production divided by the number of units produced, representing the per-unit cost of production.
Total Revenue
The total income generated by a company from the sale of goods or services before any expenses are subtracted.
Economies of Scale
Cost advantages that enterprises obtain due to the scale of their operations, leading to a reduction in average costs per unit as output increases.
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