Examlex
If Chi square obtained has a negative value,
Returns to Scale
The rate at which output increases in response to proportional increases in all inputs or resources, reflecting the production efficiency of a firm.
Long-Run Average Total Cost
The per unit cost of production in the long run, where all inputs, including capital, are variable.
Slope
The measure of the steepness, incline, or grade of a line, often calculated as the ratio of the vertical change to the horizontal change.
Diseconomies of Scale
Occur when a company or business grows so large that the costs per unit increase.
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