Examlex
A several million solar mass ____ is thought to be at the center of our galaxy.
Short Run
In economics, a period during which at least one factor of production is fixed and cannot be changed, limiting adjustments to changes in demand or technology.
Average Total Cost
The total cost of production (fixed and variable costs) divided by the number of units produced, indicating the cost per unit of output.
Specialization
A strategy where individuals or entities concentrate on a narrow range of production tasks, aimed at increasing efficiency and expertise.
Quantity Discounts
Price reductions based on the amount of a product purchased, incentivizing buyers to purchase in larger volumes.
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