Examlex
If there are 12,000 kg.in the base of an ecological pyramid,how many kg.will be found in the body tissue of the tertiary consumers?
Diminishing Returns
An economic principle where the addition of a variable factor to a fixed factor leads to a decrease in the marginal output of the variable factor beyond a certain point.
Variable Factors
Components of production that can be adjusted in the short term to change the output level, such as labor and raw materials.
Economies of Scale
A situation where the cost of producing one unit of a good decreases as the volume of production increases.
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.
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