Examlex
Find the state vector
for the given stochastic matrix and initial state vector.
Output
The total amount of goods or services produced by a company or country.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.
Minimum Efficient Scale
The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.
Output
The quantity of goods or services produced by a firm, sector, or economy within a certain period.
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