Examlex
The judge performs duties in order to manage the day-to-day operations of their court.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Diseconomies of Scale
A phenomenon where a company's production costs increase due to an expansion in output, leading to inefficiencies.
Fixed Costs
Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance.
Diseconomies of Scale
The phenomenon where production cost per unit increases as the scale of output increases, usually due to factors like increased complexity and inefficiencies.
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