Examlex
Flaming is a direct outcome of online disinhibition and empathy deficits.
ATC Curves
The graphical representation of the relationship between average total costs and output levels in the short run for a firm.
Diseconomies of Scale
Diseconomies of scale occur when a business expands to the point where the costs of managing and coordinating operations increase, leading to a rise in the average costs.
Economies of Scale
Cost advantages reaped by companies as a result of scale of operation, leading to a reduction in the per-unit cost of production.
Long-Run Average Cost Curve
A graphical representation that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.
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