Examlex
In which of the following examples are two ideas best coordinated?
Diseconomies of Scale
A condition in which a firm experiences an increase in average costs as it increases its output, due to factors such as inefficiencies or complexity.
Marginal Product
The change in total output that results from the employment of one additional unit of a resource.
Marginal Cost
Represents the change in total production costs resulting from making one additional unit of a product or service.
Economies of Scale
Advantages in cost that businesses gain from expanding their production scale, leading to a decrease in the average cost per unit produced as the operation size grows.
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