Examlex
A pulse ________ is a monitoring device that measures the patient's hemoglobin oxygen saturation by means of spectrometry.
Diminishing Returns
A principle stating that as one input variable is increased, there will be a point at which the additions of output will begin to decrease, holding all other inputs constant.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm operates at higher levels of output.
Long Run
A period in economic theory during which all factors of production and costs are variable.
Average Costs
Average costs are calculated by dividing the total costs of production by the quantity of output produced, often used to assess cost efficiency.
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