Examlex
What is the typical dependent variable used in studies of the operant conditioning of lever pressing in rats?
Economies of Scale
The cost advantage achieved by businesses when production becomes efficient, as the scale of operation increases leading to a reduction in average costs.
Positive Economic Profits
Earnings that exceed the total costs, including both the explicit and implicit costs of a business.
Expand
To increase the scale, scope, or size of something, often used in the context of business growth or economic expansion.
Increasing-cost Industry
An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.
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