Examlex
What information is contained in the padding of an Ethernet frame?
Average Total Cost
the total cost of production divided by the number of units produced, reflecting the average cost per unit of output.
Average Variable Cost
The total variable costs of production divided by the number of units produced, indicating the variable cost per unit.
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.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm or production process scales up, contrary to economies of scale where costs decrease.
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