Examlex
The additional incentive that the purchaser of a Treasury security requires to buy a long-term security rather than a short-term security is called the
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's production increases.
Diminishing Returns
A principle stating that as more of a variable input is added to a fixed input, beyond some point, the additional output from the additional input will decrease.
Marginal Cost
The financial outlay required to create another unit of a good or service.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the number of goods produced, essentially the per unit production cost.
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