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gcse economics - business finance - average costs and scale of production
18.08.2008
AVERAGE COSTS The cost per unit of output. It is equal to total cost divided by output. SCALE OF PRODUCTION The number of goods and services produced. Large scale is a high level of production e.g. 100 cars a week. Small scale could be 10 cars p...

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Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
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