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Generalizations are valid only if they rely on evidence that can be observed directly or verified through our senses, according to:
Mixers
Devices used for blending ingredients together, commonly found in cooking, baking, and cocktail making.
Diseconomies of Scale
A condition in which a firm’s average costs increase as production increases.
Returns to Scale
The change in output as a result of proportionately changing all inputs in the production process, indicating increasing, constant, or decreasing returns.
Marginal Cost
An uplift in the sum total of costs incurred by producing another unit of a product or service.
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