Examlex
The initial formation of a primitive heart would take place during the _____ period of development.
Increasing-cost Industry
An Increasing-cost Industry is one where the input costs increase as the industry's output expands, typically due to the scarcity of some inputs or increased demand for them.
Input Prices
The costs associated with the inputs used in the production process, such as labor, raw materials, and capital.
Economies of Scale
Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Marginal Product
The extra output or benefit received from using one additional unit of a resource.
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