Define an Oxymoron

question 76

Essay

Define an oxymoron.Give an example of an oxymoron,and explain why it is an oxymoron.

---

Definitions:

Minimum Cost

The lowest possible expense at which a particular set of goods or services can be produced or acquired.

Long-Run Average Cost Curve

A graphical representation showing how the average cost of production changes as the scale of production is altered over the long term, reflecting economies and diseconomies of scale.

Minimum Cost

The lowest possible cost at which a particular quantity of goods or services can be produced or obtained, while still maintaining efficiency and effectiveness.

Increasing Return to Scale

When an increase in the amount of inputs results in a disproportionate increase in the output produced.