Examlex
Simplify: 4x - 3y - 4x - 2y
Total Cost
The sum of all expenditures incurred in the production of goods or services, including fixed and variable costs.
Diseconomies of Scale
The phenomenon where production costs increase as a firm's output expands, leading to inefficiencies.
Long-Run Average Total Cost
The average cost per unit of output when all factors of production, including capital, are variable in the long term.
Slope
In mathematics, the slope of a line is a number that describes both the direction and the steepness of the line.
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