Examlex
Write the sentence as a proportion using as the variable, and solve to answer the question. 10 is what percent of 5? Enter and integers. Solve the proportion to answer the question. __________
Diseconomies of Scale
An increase in production costs as the scale of production goes up, leading to reduced efficiency.
Fixed Inputs
Resources or factors of production, such as land or capital, that remain constant regardless of the level of output or production.
Variable Inputs
Resources or inputs whose quantity can be changed in the short term to adjust the level of production.
Long-run Average Total Cost
A curve that shows the lowest average cost at which a firm can produce any given level of output in the long run, when all inputs are variable.
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