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In what manner does the Edward O. Wilson - Daniel Simberloff model of island ecology help us to understand the world after the demise of the dinosaurs approximately 65 million years ago?
Diseconomies of Scale
The phenomenon where, beyond a certain point, the cost per unit increases as a company continues to grow in size and output.
Per-Unit Cost
The average cost for each product produced, calculated by dividing the total production costs by the total units produced.
Output
The total quantity of goods or services produced by a firm, sector, or economy within a certain period of time.
Explicit Costs
Payments by a firm to purchase the services of productive resources.
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