Examlex
Which of the following decrements the variable a by one
Economies of Scale
Economies of scale describe the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Average Cost
The total cost of production divided by the quantity of output, representing the cost per unit of output.
Interest Rate
The cost of borrowing money or the return on investment, expressed as a percentage of the principal.
Market Price
The current price at which a good or service can be bought or sold, determined by supply and demand.
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