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Swim Club advocate Vera Lee has been asked to testify at the local school board meeting next week in support of continuing her club's partnership with the board to provide extracurricular recreational activities for students. The board has indicated that she can have up to 10 minutes to make her case. In preparing her speech, what should she remember to do?
Diseconomies of Scale
The situation in which a business experiences an increase in average costs per unit when output is increased beyond a certain point.
Economies of Scale
The economic benefits gained by companies because of their large scale of operation, which typically results in a lower cost per unit of output as the scale increases.
Average Fixed Costs
The total fixed costs associated with production (costs that do not change with output) divided by the quantity of output produced.
Output Increases
A rise in the quantity of goods or services produced by a company or economy.
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