Examlex
Hashing is a reversible process.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
Constant Returns
A situation in production where increasing the inputs by any proportionate amount results in an equal proportionate increase in outputs.
Production Costs
The total expense incurred in manufacturing a product or providing a service, including labor, materials, and overhead costs.
Average Total Cost
The overall expenditure on production when split by the volume of products made.
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