Examlex
Binoculars and microscopes are frequently made with coated optics by adding a thin layer of transparent material to the lens surface as shown. One wants:
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operations, with cost per unit of output generally decreasing with increasing scale.
Economies of Scale
The price benefits that firms enjoy from the magnitude of their operations, where the cost of each output unit generally lessens as the scale of operations increases.
Unit Costs
The financial outlay for a company to manufacture, warehouse, and dispose of one unit of a specific item or service.
Output
Represents the total amount of goods or services produced by a firm or economy in a specific period.
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