Examlex
Define errorless discrimination training.
Economies of Scale
The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.
Technological Advance
Progress in technology that improves efficiency and productivity, often leading to economic growth.
Labor Productivity
A measurement of economic performance that shows the amount of goods and services produced per labor hour.
Average Total Cost
The total cost of production divided by the total quantity produced, representing the average cost per unit.
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