Examlex
Developing neurons arrange themselves into layers.The cells that form the outermost layer are known as
Diseconomies of Scale
The phenomenon where production costs increase as a firm expands output, leading to reduced efficiency.
U-Shaped Long-Run Average Cost Curve
This describes the phenomenon where, over time, average costs first decrease with increased production, hit a minimum, and then increase with further production increase, forming a U-shape.
Minimum Cost
The lowest possible expense at which a particular set of goods or services can be produced or acquired.
Long-Run Average Cost Curve
A graphical representation showing how the average cost of production changes as the scale of production is altered over the long term, reflecting economies and diseconomies of scale.
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