Examlex
Which of the following best represents family-based delinquency?
Diminishing Marginal Returns
Diminishing marginal returns occur when the increase in output from adding an additional unit of input decreases, holding all other inputs constant.
Long-run Average Total Cost
The average cost per unit of output when all inputs, including capital, can be varied, and economies of scale are realized fully.
Unit Costs
The cost incurred by a business to produce, store, and sell one unit of a particular product or service.
Plant Size
The capacity or physical extent of a manufacturing facility, including its machinery, layout, and workforce.
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