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Who designed the Wieskirche, a pilgrimage in the foothills of the Alps?
Economies of Scale
Cost advantages achieved by increasing production levels, resulting in lower per-unit costs due to spreading fixed costs over more units.
Long-Run Average Total Cost
A concept in economics that represents the per-unit cost of production in the long term, where all inputs are considered variable.
Scale
Refers to the size or level of operation of a process or system, often used in contexts of production, distribution, or analysis.
Returns to Scale
The change in output resulting from a proportional change in all inputs, where increases can be constant, increasing, or decreasing.
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