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Sandra is in the top management at Silica Inc. A key policy governing the manufacturing processes was recently changed, and Sandra needs to analyze the effects of the change on the various departments of the company and predict the effect on the output. This process involves using her ________ skills.
Diseconomies of Scale
The phenomenon where production costs increase as a firm's production scale becomes too large, leading to inefficiencies.
Diseconomies of Scale
The phenomenon where production costs increase as a company grows larger, leading to reduced efficiency.
Bureaucratic
Pertaining to a system of administration characterized by strict policies, procedures, and hierarchy.
Short-run Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, calculated when some factors of production are fixed.
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