Examlex
Which of the following spurred the growth of the suburban middle class?
Process Innovation
Involves the implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality.
Output
The total amount of goods and services produced by an economy or an individual business over a specific period.
Total Cost
The complete cost of producing a specific quantity of goods or services, including both fixed and variable costs.
Average Cost
This is the total cost of production divided by the number of goods produced, also known as the cost per unit.
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