Examlex
List five best practices of dashboard design.
Long-run Equilibrium
A state in which all factors of production and outputs are variable, allowing for the adjustment of all inputs, leading to a balanced economic condition over time.
Zero Economic Profits
Occurs when a firm earns just enough revenue to cover its total costs, including opportunity costs, but no more.
Efficiently
Performing or functioning in the best possible manner with the least waste of time and effort.
Economies of Scale
The cost advantage achieved by businesses when production becomes efficient, as the scale of operation increases leading to a reduction in average costs.
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