Examlex
A trailer label is the last record of an inventory file,which contains a record count of the number of records in the file.
Long-run Average Total Cost
The per unit cost of production when all inputs, including capital, are variable, typically depicting economies and diseconomies of scale.
Marginal Cost
The additional cost resulting from the creation of one more unit of a product or service.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
Unit Costs of Production
The total expense incurred by a company to produce, store, and sell one unit of a particular product or service.
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