Examlex
The net asset value (NAV)per share of a mutual fund is determined by the market value of securities owned minus liabilities divided by the number of mutual fund units outstanding.
Cost-output Elasticity
A measure of the responsiveness of the cost of production to a change in the level of output, indicating how costs change as production scales.
Economies of Scale
Refers to the cost advantage that arises with increased output of a product, where fixed costs are spread out over more units of output.
Economies of Scope
Cost advantages that enterprises obtain due to a broader scope of operations, often through producing a variety of products rather than specializing in just one.
Marginal Products
The extra output obtained by utilizing an additional unit of a specific input while keeping all other inputs unchanged.
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