Examlex
Determine if the function is even, odd, or neither.
-f(x) = 3
Economies of Scale
The cost advantage that arises with increased output of a product, where average costs start to fall as production scales up.
Marginal Returns
denotes the additional output obtained by adding one more unit of a specific input, while keeping other inputs constant.
Diseconomies of Scale
The scenario where costs start increasing as a company or project becomes too large, leading to inefficiency.
Bureaucratic
Relating to a system of government in which most of the important decisions are made by state officials rather than by elected representatives.
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