Examlex
For many years, psychologists addressing questions about human differences tended to fall into two camps. Those who emphasized the role of genes in human diversity were called:
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's output expands, often due to inefficiencies that arise from becoming too large.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Average Total Cost
The total cost of production divided by the quantity of output produced; it includes all variable and fixed costs.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
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