Examlex
Which of the following are the most abundant cell type found in most plants?
Economies of Scale
Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output decreasing with increasing scale.
Marginal Output
Refers to the additional output that results from using one more unit of a production input, such as labor or capital, in the production process.
Total Output
The total quantity of goods and services produced in an economy during a given period.
Fixed Cost
Expenses that do not change in total regardless of the level of output or activity, such as rent, salaries, and insurance.
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