__________ refers to the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases.
Fill in the blank(s) with the appropriate word(s).
Economy of scale
Economy of scale refers to the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases.
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What is big data?
A. A collection of large complex data sets, including structured and unstructured, that cannot be analyzed using traditional database methods and tools. B. A view of data at a particular moment in time. C. A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention. D. A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
A leader who encourages employees to participate in the management process is a(n):
a. noble leader. b. autocratic leader. c. democratic leader. d. laissez-faire leader.
Which of the following represents an unlimited queue?
A) drive-through lane at a fast-food restaurant B) small barbershop with only 5 chairs for waiting customers C) toll booth serving automobiles on an interstate D) faculty office with limited seating during office hours E) restaurant with no outside seating and limited capacity due to fire department restrictions
In the __________ (1965) case, the U.S. Supreme Court first extended substantive due process to the right to privacy, encompassing birth control and a woman's reproductive choice
a. Roe v. Wade b. Griswold v. Connecticut c. Planned Parenthood v. Casey d. Gonzalez v. Carhart