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Explain the terminologies in economics

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Reference no: EM132954681

Explain the following terminologies in economics:

Spreading the overhead

A break-even level of production

The efficiency of mass production

How does the theory of efficient production apply to managers of government bureaus of departments that are not run for profit? How about non-profit clubs that collect just enough dues from their members to cover the cost of operation?

Reference no: EM132954681

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