Examlex
Karlin is in dialectical behavior therapy for borderline personality disorder. She is working with her therapist on how to say "no" to her sister, who has often exploited her. What part of dialectical behavior therapy focuses on this skill?
Economies of Scale
The cost advantage that arises with increased output of a product, as costs are spread over a larger number of goods.
Wealth of Nations
A seminal book by Adam Smith that discusses economic principles and introduces the concept of the “invisible hand” guiding free markets.
Diseconomies of Scale
A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.
Long-run Total Costs
The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.
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