Examlex
What is the number 150 in the command router eigrp 150?
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, resulting in a decreased cost per unit.
Long-run Average Total Cost
The long-run average total cost is the per-unit cost of production when all inputs can be adjusted, reflecting the most cost-efficient scale of operation.
Long-run Total Costs
The total costs incurred by a firm when all inputs are variable and can be adjusted.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
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