Examlex
Setting up a grid decreases the size and complexity of the Hypertext Markup Language (HTML)code by adding another level of markup.
LRAC Curve
The Long-Run Average Cost curve, showing the lowest average cost at which a firm can produce any given level of output in the long run when all inputs are variable.
Patents
Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain period of time.
Research And Development
The investigative activities a business or government engages in to improve existing products and procedures or to lead to the development of new products and procedures.
Economies Of Scale
Cost advantages that a business achieves due to expansion in the scale of production, leading to a reduction in the cost per unit.
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