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Many psycholinguists believe that an innate capacity for language evolved in humans because it enhanced chances for survival.
Diseconomies of Scale
A condition in which a firm’s average costs increase as production increases.
Returns to Scale
The change in output as a result of proportionately changing all inputs in the production process, indicating increasing, constant, or decreasing returns.
Marginal Cost
An uplift in the sum total of costs incurred by producing another unit of a product or service.
Average Fixed Cost
The fixed costs of production (such as rent and salaries) divided by the number of goods produced; it decreases as output increases.
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