Examlex
Once a suspect initiates contact with the police by asking them unnecessary questions, any invocation of his/her Miranda rights is waved.
Diseconomies of Scale
Diseconomies of scale occur when a firm or business grows so large that the costs per unit increase, leading to inefficiency and higher production costs.
Total Revenue
The entire sum of funds a business gains from selling products or offering services over a specified timeframe.
Total Cost
The complete amount of money spent by a business to produce a specific quantity of goods or services, including both fixed and variable costs.
Short Run
A period in economics during which at least one factor of production is fixed, affecting production capabilities.
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