Examlex
Design view displays a form's data and layout.
Marginal Costs
The increase in cost resulting from the manufacture of one additional unit of a good or service.
Decreasing Costs
Situations in which costs diminish as the level of production or scale of operations increases.
Efficiency
The extent to which time, effort, or cost is well-used for the intended task or purpose.
Total Cost Function
An equation that represents the total cost incurred by a firm in the production of goods or services, as a function of output level.
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