Examlex
What is the diameter of the largest asteroid in the solar system,Ceres,compared with the diameter of the EarthEarth,which is about 12,800 km?
Diseconomies of Scale
A condition where a firm experiences increasing production costs and decreasing returns as it becomes too large.
Production Function
An economic model that describes the relationship between inputs used in production and the output of goods or services.
Marginal Cost
The extra expense associated with manufacturing an additional unit of a product or service.
Variable Cost
Expenses that fluctuate based on the level of production or the amount of output.
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