Examlex

Solved

Aaron Has Been Taking a Mild Amphetamine for the Past

question 247

Multiple Choice

Aaron has been taking a mild amphetamine for the past four months to help him cope with being a full-time student while holding down a full-time job.Now that his classes have ended he wants to stop taking the amphetamine,but each time he tries to skip the medication he starts sweating and he develops tremors.It appears that Aaron has


Definitions:

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.

Diseconomies Of Scale

Exist when average costs rise with output.

Marginal Costs

The cost associated with producing one additional unit of a product, useful for decision-making on production levels and pricing.

Related Questions