Examlex
Which of the following is a valid difference between traditional (selective breeding) and modern (genetic engineering) forms of biotechnology?
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's output increases, usually due to inefficiencies that arise with large-scale production.
Production Volume
The quantity of products that a manufacturing system can produce over a specific period of time.
Total Cost
The complete cost of production or operation, including fixed and variable costs, associated with a business activity or process.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
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