Examlex
A well-perfused but poorly ventilated part of the lung wastes blood.
Average Costs
Average costs are calculated by dividing the total costs of production by the quantity of output produced, often used to assess cost efficiency.
Output Increases
A rise in the amount of goods or services produced by an entity.
Average Costs
The total cost of production divided by the number of goods produced; it decreases as production increases.
Average Costs
The average expense associated with producing a good or service, typically calculated by dividing the total costs by the quantity of goods or services produced.
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