Examlex
Condense the expression to the logarithm of a single term.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the total quantity produced, representing the per-unit cost of production.
Average Total Cost
The total cost of production divided by the number of goods produced, representing the per-unit production cost.
Producing
The process of creating goods or services through the combination of labor, materials, and technology.
Scale
In economics, scale refers to the level at which a business or activity is operating regarding its volume of production or size.
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