Examlex
In an experimental design, if participants were not influenced by the _____, there really was not an experiment.
Average Variable Cost
The cost per unit of output that varies with the level of production, excluding any fixed costs.
Learning-by-Doing
The process through which skill and efficiency are improved over time as a result of practice and experience.
Economies of Scale
The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production expands.
Technological Advance
Progress in technology that improves efficiency and productivity, often leading to economic growth.
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