Examlex
Those people who believe that people cannot change are called________.
Economies of Scale
Enterprises see cost efficiencies due to their operating scale, with the cost for every unit of output generally declining as the scale enlarges.
Economies of Scale
Describes the cost benefits that companies achieve through their operation size, where the cost for each unit produced typically falls as the scale of operation grows.
Constant Marginal Cost
A situation in which the cost of producing one additional unit of a product remains the same, regardless of the volume produced.
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