Examlex
An image is formed using a convex lens,the image being 15 cm past the lens.A second lens is placed 25 cm past the first lens and another image is formed,this time 10 cm past the second lens.Which of the following statements is true?
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.
Marginal Costs
The cost associated with producing one additional unit of a product, useful for decision-making on production levels and pricing.
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