Examlex
What is the primary challenge to acid-base homeostasis?
Fixed Cost
Costs that do not change with the level of output or sales, such as rent or salaries.
Variable Cost
Expenses that change in proportion to the amount of goods or services produced, like labor and materials.
Diseconomies of Scale
occur when a company or production process becomes less efficient as it scales up, leading to increased average costs per unit.
Minimum Efficient Scale
The smallest level of production at which a firm can achieve the lowest long-term average cost, allowing it to be competitively viable.
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