Examlex
_________________________ indicates the number of pixels that a computer uses to display what you see on the screen.
Sunk Costs
Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.
Opportunity Costs
The missed opportunity to benefit from different options when a single choice is made.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Diseconomies of Scale
The phenomenon where an increase in production leads to higher costs per unit due to inefficiencies that arise from scaling up operations.
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