Examlex
The chloroplast of red algae retains certain pigments of the original cyanobacterial endosymbiont that are absent in the chloroplasts of green algae.The evolutionary significance of this is that
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Diminishing Marginal Returns
The principle that as additional units of a factor of production are added, the increase in output will eventually decrease, holding other factors constant.
Constant Returns to Scale
A situation where increasing all inputs by a certain factor results in output increasing by the same factor, indicating proportionate scalability of production.
Increasing Returns to Scale
Occurs when an increase in all inputs by a certain percentage causes a more than proportional increase in output.
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