Examlex
A threshold value is a hurdle value for the output of a neuron to trigger the next level of neurons.If an output value is larger than the threshold value,it will not be passed to the next level of neurons.
Increasing Cost Industry
An industry in which production costs rise as output increases, often due to factors like limited resources or increased demand for inputs.
Price-taker Firm
A company in a market where the individual firm has no control over the price of its product and must accept the prevailing market price.
Marginal Cost Curve
A graphical representation that shows how the cost of producing one additional unit of a good changes as the level of production is varied.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.
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