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The human embryo develops in a fluid-filled sac called the
Fixed Costs
Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance.
Diseconomies of Scale
The phenomenon where production cost per unit increases as the scale of output increases, usually due to factors like increased complexity and inefficiencies.
Long-run Average Total Cost
The per unit cost of production when all inputs, including capital, are variable, typically depicting economies and diseconomies of scale.
Marginal Cost
The additional cost resulting from the creation of one more unit of a product or service.
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