Examlex
If a patient's blood test result shows hypercapnia,the patient has ________.
Diminishing Marginal Returns
A principle stating that if one factor of production is increased while others remain constant, the overall returns will gradually decrease after a certain point.
Long-Run Average Cost Curves
A graphical representation showing the average cost per unit of output over a long period, where all inputs, including capital, are variable.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in average costs per unit as output increases.
Diseconomies of Scale
The situation in which a business grows so large that the costs per unit increase, as opposed to economies of scale where costs per unit decrease with the increase in output.
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