Define exemplify. exemplify synonyms, exemplify pronunciation, exemplify translation, English dictionary definition of exemplify. tr.v. exÂ·emÂ·pliÂ·fied , exÂ·emÂ·pliÂ·fyÂ·ing , exÂ·emÂ·pliÂ·fies 1. a. To illustrate by example: exemplify an argument. b. To serve as an example of: scenes that...
The law of increasing costs, a commonly held economic principle, states that an operation running at peak efficiency and fully utilizing its fixed-cost resources, will experience a higher cost of production and decreased profitability per output unit with further attempts at increasing production.
For example, an increase of $0.15 on a price of $2.50 is an increase by a fraction of 0.15â2.50 = 0.06. Expressed as a percentage, this is therefore a 6% increase. While percentage values are often between 0 and 100 there is no restriction and one may, for example, refer to 111% or â35%.