Examlex
Which of the following statements regarding hearing is correct?
Marginal Cost
The addition to total cost that results from producing one more unit of output.
Diseconomies of Scale
The condition in which a company's costs per unit increase as it produces more units, typically due to inefficiencies that arise with increased size or output.
Diminishing Marginal Returns
A principle stating that as additional units of a variable input are added to a fixed input, the additions to output will eventually decrease.
Law of Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.
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