Examlex
Which of the following is NOT a type of sampling scheme?
Marginal Cost
An alternative phrasing expressing the additional cost incurred from the production of the next unit of output.
Average Total Cost
The cost per unit is calculated by dividing the overall production cost by the quantity of units produced.
Average Variable Cost
The total variable cost divided by the quantity of output produced; it shows the variable cost per unit of output.
Increasing Returns to Scale
A situation in production where doubling the inputs results in more than doubling the output, leading to efficiencies and economies of scale.
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