Examlex
The unidimensional approach in trait research focuses on one particular trait.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit of output.
Operation Size
The scale or scope of a business's activities, ranging from small, single-location operations to large, multinational corporations.
Diseconomies of Scale
A situation where a company or organization grows so large that the costs per unit increase.
Long-run
A period in economics sufficient for all markets to adjust to changes, including those made in physical capital or production capacities.
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