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The purpose of parallel processing is to
Economies of Scale
Economies of scale describe the reduction in per-unit cost that a company benefits from as it scales up production. This cost benefit is due to the fixed costs spreading over a larger number of units.
Economies of Scope
Cost advantages that enterprises obtain by producing a wide range of products, diversifying their output, and sharing production inputs.
Economies of Scope
Cost advantages that enterprises obtain due to the efficient production of a wide range of products rather than specializing in a single product or service.
Joint Cost Function
A concept in economics where certain costs are incurred to produce multiple products simultaneously, making it challenging to allocate the costs distinctly to each product.
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