Examlex
What are the assumptions of linear programming? Provide examples of each.
Marginal Costs
The increase in cost due to the production of an extra unit of a product or service.
Movie Theatres
Venues equipped with a screen for exhibiting films to audiences, providing a range of visual and auditory experiences.
Natural Monopolist
A single firm that can supply a product or service to an entire market at a lower cost than two or more firms, due to economies of scale.
Marginal Cost
The increase in expense a business incurs by manufacturing one more unit of an item.
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