Examlex
Experience does not influence brain development.
Variable Cost
Outlays that adjust in accordance with the volume of production or output, like materials and labor costs.
Loan
A sum of money that is borrowed and expected to be paid back with interest.
Economies of Scale
Refers to the cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost.
Marginal Cost
An alternative phrasing expressing the additional cost incurred from the production of the next unit of output.
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