Examlex
(Long run) average cost curves are U-shaped when the production technology has decreasing returns to scale and the firm faces recurring fixed costs.
Naysayers
Individuals who are often negative or skeptical about ideas and refuse to believe that something might be successful or positive.
Yea-Sayers
Individuals who habitually agree with or support a particular idea, person, or group.
Hits
In the context of memory and recognition, correct identifications of previously seen or experienced stimuli.
Light Waves
Electromagnetic waves that are visible to the human eye, responsible for the phenomenon of sight.
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