Examlex
On a submarine expedition to the ocean bottom, you discover a population of fish that uses a method of reproduction in which female offspring develop from unfertilized eggs. What type of reproduction is this?
Diseconomies of Scale
A phenomenon where production costs per unit increase as a firm's output increases, often due to inefficiencies that arise when companies become too large.
Smaller Percentage Increase
Refers to a rate of increase that is less significant or lower in proportion compared to another.
Average Costs
The cost per unit of output, calculated by dividing the total cost of production by the number of units produced.
Constant-Cost Industry
An industry in which the cost per unit does not change as the industry's overall output changes.
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