Examlex
A person who frequently spends hours each day attending to hand hygiene is referred to as a
Variable Factors
Components of production that can be adjusted in the short term to change the output level, such as labor and raw materials.
Economies of Scale
A situation where the cost of producing one unit of a good decreases as the volume of production increases.
Diseconomies of Scale
The phenomenon where, beyond a certain point, the cost per unit increases as a company continues to grow in size and output.
Per-Unit Cost
The average cost for each product produced, calculated by dividing the total production costs by the total units produced.
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