Examlex
Converting the external world into our own mental language is called
Average Total Cost
The total cost of production divided by the total output, indicating the average cost per unit of output.
Average Fixed Costs
The fixed expenses of a company or project divided by the number of units produced, decreasing as production increases.
Diseconomies of Scale
The phenomenon where an increase in production leads to higher average costs per unit, often due to inefficiencies associated with scale of operation.
Output Rate
The output rate is the speed at which goods or services are produced over a specific period of time, often measured to evaluate productivity.
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