MATCHING

question 5

Short Answer

MATCHING
a) whipped cream
b) eggs, sugar, butter and citrus juice
c) custard cream sauce
d) custard, gelatin and whipped eggs in a sponge- lined mold
e) whipped egg whites folded into a whipped egg batter
f) whipped cream folded into a custard sauce and stabilized with gelatin
-curd

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically resulting in lower per-unit costs with increased production.

Average Cost Curve

The average cost curve is a graphical representation showing how the average cost per unit of output varies with the level of output, typically U-shaped due to economies and diseconomies of scale.

Economies of Scale

Cost benefits that companies achieve because of their large scale of operations, generally resulting in a lower cost per output unit as the scale increases.

Per-Unit Costs

The average cost for each individual unit of product produced, taking into account all fixed and variable expenses.