Examlex
Which option restores an updated driver to the original one?
Marginal Returns
The additional output gained by adding one more unit of input, holding all other inputs constant.
Minimum Efficient Scale
The minimum efficient scale is the lowest point of production where a firm can achieve the economies of scale, reducing its cost per unit to the minimum.
Economic Profits
The surplus or profit gained by a firm after subtracting all its costs, including both explicit and implicit costs, from its total revenues.
Accounting Profits
The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.
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