Examlex
Which of the following will improve the likelihood of getting the desired response?
Economies of Scale
Cost advantages that enterprises obtain due to 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.
Specialization of Labor
The division of labor where individuals or groups focus on specific tasks or jobs, increasing efficiency and productivity.
Diminishing Marginal Returns
Diminishing marginal returns occur when the increase in output from adding an additional unit of input decreases, holding all other inputs constant.
Long-run Average Total Cost
The average cost per unit of output when all inputs, including capital, can be varied, and economies of scale are realized fully.
Q15: What does the introductory paragraph in a
Q27: Which of the following indicates subsections within
Q47: Which of the following is considered the
Q55: The three-step writing process is most effective
Q61: The age,gender,income,education and other quantifiable characteristic of
Q82: Which of the following is an example
Q83: Neville needs to conduct online research for
Q90: Which of the following focuses on things
Q91: Which of the following is true regarding
Q97: Identify and discuss several ways to build,maintain