Examlex
How far will a force of 60 newtons stretch the spring? What force is required to stretch the spring 0.2 meter?
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm or operation grows in scale, opposite of economies of scale.
Returns to Scale
The change in output resulting from a proportionate increase in all inputs; the concept explains how output changes with varying levels of input.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, typically resulting in lower per-unit costs with increased production.
Average Cost Curve
The average cost curve is a graphical representation showing how the average cost per unit of output varies with the level of output, typically U-shaped due to economies and diseconomies of scale.
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