Examlex
Which of these was an important source of revenue for Shang kings?
Average Variable Cost
The cost of each unit variable, determined by dividing the overall variable costs by the produced output quantity.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's production increases.
Diminishing Returns
A principle stating that as more of a variable input is added to a fixed input, beyond some point, the additional output from the additional input will decrease.
Marginal Cost
The financial outlay required to create another unit of a good or service.
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