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How is the Parthenon imperfect?
Average Costs
The total cost of production divided by the number of units produced, giving the cost per unit of production.
Diminishing Returns
A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase and may even decrease.
Diseconomies of Scale
A phenomenon where production costs per unit increase as a firm's output increases, often due to inefficiencies that arise when companies become too large.
Smaller Percentage Increase
Refers to a rate of increase that is less significant or lower in proportion compared to another.
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