Examlex
A blood vessel hemorrhaged in Ms.Rosenthal's brain,causing late-life physical disability.This is known as __________.
Returns to Scale
The change in output resulting from a proportional change in all inputs, where increases can be constant, increasing, or decreasing.
Long-Run Average Cost
The average cost per unit of output where all inputs, including capital, are variable in the long term.
Marginal Cost
The costs entailed in generating an extra unit of a product or service.
Economies of Scale
The reduction in per-unit production costs resulting from an increase in the scale of production.
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