Examlex
Which type of error occurs when certain sample elements are excluded or when the entire population is not accurately represented in the sampling frame?
Variable Cost
Expenses that change in proportion to the amount of goods or services produced, like labor and materials.
Diseconomies of Scale
occur when a company or production process becomes less efficient as it scales up, leading to increased average costs per unit.
Minimum Efficient Scale
The smallest level of production at which a firm can achieve the lowest long-term average cost, allowing it to be competitively viable.
3-D Printers
3-D printers are machines that create three-dimensional objects by adding material layer by layer, based on digital models.
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