Examlex
Which of the following is an artifact?
Average Costs
The total cost of production divided by the number of goods produced, representing the cost per unit of output.
Diseconomies of Scale
The situation in which a firm's long-run average costs begin to increase as the firm expands output beyond a certain point.
Student Enrollment
The process by which students register for and commit to participating in educational programs or courses at an institution.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the number of units produced.
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