Examlex
How many electors must a presidential candidate secure in the Electoral College to be elected president?
Nose
The part of the face that houses the nostrils and organs of smell and forms the beginning of the respiratory tract.
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per-unit cost as output increases.
Diseconomies Of Scale
The situation when a firm's costs per unit increase as it produces more output, opposite of economies of scale.
ATC Curve
A graphical representation of the average total costs of production at different levels of output in economics.
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