Examlex
A line of credit from a bank guarantees a firm that a specified amount of financing will be available when it is needed.
Output
The total amount of goods or services produced by a company, industry, or economic system.
Marginal Costs
The additional cost incurred to produce an extra unit of a product or service.
Average Costs
The total costs of production divided by the number of units produced, representing the cost per unit.
Returns To Scale
The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.
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