Examlex
If you learn to turn off a dripping faucet to end the "drip, drip, drip" sound, your behavior was changed through
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
Average-total-cost Curve
A graphical representation that shows the average total cost of producing each quantity of output.
Marginal-cost Curve
The marginal-cost curve depicts how the cost of producing one additional unit of a good or service varies as production increases.
Economies of Scale
The cost advantage that arises with increased output of a product, as costs are spread over a larger number of goods.
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