Examlex
Which brain region is NOT implicated in human language abilities?
Economies Of Scale
Companies achieve cost benefits when their production processes become more efficient, leading to a decrease in the per-unit cost as the scale of production grows.
Pin Factory
An example used by Adam Smith to illustrate how division of labor increases productivity.
ATC Curve
Average Total Cost Curve, a graph that shows the cost per unit of output produced, plotted against the quantity of output.
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, resulting in a decrease in the per-unit cost as the output increases.
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