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In which of the following countries is there a high degree of ethnic diversity?
Long-Run Average Total Cost
A concept in economics that represents the per-unit cost of production in the long term, where all inputs are considered variable.
Scale
Refers to the size or level of operation of a process or system, often used in contexts of production, distribution, or analysis.
Returns to Scale
The change in output resulting from a proportional change in all inputs, where increases can be constant, increasing, or decreasing.
Long-Run Average Cost
The average cost per unit of output where all inputs, including capital, are variable in the long term.
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