Examlex
The right side of the brain is superior to the left in problems requiring spatial visual ability and in facial recognition.
Fixed Input(s)
Factors of production, such as land or machinery, that cannot be adjusted in the short term.
Short Run
A time period during which at least one input is fixed and cannot be adjusted by a firm.
Diseconomies Of Scale
Occur when a company grows so large that the costs per unit increase. It is the opposite of economies of scale.
Long-Run Average Total Cost Curve
A graphical representation showing the lowest possible cost at which any given level of output can be produced in the long run.
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