Examlex
An agent is not normally liable on a contract he makes with a third party on behalf of a(n) :
Average Costs
Calculated by dividing the total cost of production by the quantity of output produced, indicating the cost per unit of output.
Output Increases
A rise in the quantity of goods or services produced by a firm or economy.
Scale of Operations
The size or level at which a company or plant is operating, indicating its capacity to produce goods or services.
Average Cost Curve
A graphical depiction showing the cost per unit of output at different levels of production, reflecting the variability in total cost over volume.
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