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A focus on standards-based accountability assessment implies a concentration on
Economic Costs
The total costs of undertaking an economic activity, including both explicit costs and opportunity costs.
3-D Printers
Devices that create three-dimensional objects by layering material according to digital models, used in various industries for prototyping, manufacturing, and hobbyist projects.
Factory Costs
The total expenses incurred in the manufacturing process, including labor, materials, and overhead costs.
Economies of Scale
Advantages in terms of costs that companies realize by enlarging their scale of operations, with the unit cost of production generally falling as the scale increases.
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Q102: Which of the following statements is true