Examlex
Explain how Rutheford's gold foil experiment changed the model of the atom proposed by Thomson.
Output
The total amount of goods or services produced by a company, industry, or economy over a given period.
Diseconomies of Scale
The phenomenon where production costs per unit increase as the scale of operation enlarges, often due to inefficiencies or increased complexity.
Constant Returns to Scale
A situation in economic production where increasing all inputs by any proportionate amount results in output increasing by the same proportion.
Long-Run Average Total Cost Curve
A graphical representation that shows the lowest possible cost at which a firm can produce any given level of output when all inputs are variable.
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