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Which of the following U.S. presidents established independent commissions to oversee the initial nomination process for federal judges, a practice discontinued by later presidents?
Diseconomies of Scale
The phenomenon where increasing production leads to an increase in the average costs of production, opposite of economies of scale.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
Constant Returns to Scale
The condition where increasing all inputs by a certain factor leads to an increase in output by the same factor, indicating linear scalability in production processes.
Economies of Scale
Cost advantages that enterprises obtain due to 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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