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Two objects,one of mass m and the other of mass 2m,are dropped from the top of a building.When they hit the ground
Diseconomies of Scale
The condition in which a company or production process becomes less efficient as it grows larger, leading to increased costs per unit.
Long-Run Equilibrium
A state in which all factors of production and costs are variable, and firms make no economic profit or loss.
Long-Run Average Cost Curve
A graphical representation showing the minimum average cost of producing any given level of output when all inputs, including capital, are variable.
Short-Run Average Cost Curve
A graphical representation that shows how the average cost of production changes with varying output levels in the short term.
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