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At ABC Inc.,each employee is required to evaluate himself or herself as part of preparation to meet with his or her manager for the annual employee performance review.As part of this,Daneesha prepared a thoughtful and comprehensive list of her strengths and weaknesses.What competence does this display?
Returns To Scale
The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.
Increasing Returns To Scale
See Economies of scale.
Economies Of Scale
Exist when average costs fall as output increases.
Diseconomies Of Scale
Exist when average costs rise with output.
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