Examlex
Tom was overweight when he was 13.During puberty he continued to gain weight steadily until at age 23,when he decided to lose weight.Tom successfully lost 50 pounds.Which of the following most likely happened to Tom's fat cells?
Law of Increasing Cost
The principle that as production of a good expands, the opportunity cost of producing an additional unit rises.
Marginal Output
Marginal Output is the additional quantity of output that is produced by utilizing one more unit of a certain input, holding all other inputs constant, used to assess productivity improvements or decreases.
Diseconomies of Scale
Diseconomies of scale occur when a company or business grows so large that the costs per unit increase, opposite of economies of scale where costs decrease with increasing production.
Economic Growth
A rise in the output of goods and services within an economy over a specific time frame.
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