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| diseconomies of scale definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | the property whereby long-run average total cost rises as the quantity of output increases | 4 sets | |
| 2 | the property whereby long-run average total cost rises as the quantity of output increases (right-most upward sloping part of the long-run atc) | 4 sets | |
| 3 | when added drawbacks outweigh added benefits of expansion | 3 sets | |
| 4 | the property whereby long run average total cost rises as the quantity of output increases | 3 sets | |
| 5 | a situation in which long run average cost increases as a firm's output increases | 2 sets | |
| 6 | the increase in per unit costs as the quantity of production increases and all resources are variable | 2 sets | |
| 7 | long-run average total cost rises as q of output increases | 2 sets | |
| 8 | increase in average cost per unit (inefficiency, poor communications) | 2 sets | |
| 9 | the upward part of the long-run average total cost curve where lrac rises as plant size rises | 1 set | |
| 10 | difficulty of efficiently controlling and coordinating a firms operations as it becomes a large-scale producer | 1 set | |
| 11 | increases in a firm's capacity and output accompanied by increases in the firm's long-run average cost of production | 1 set | |
| 12 | output increases beyond the level that minimises average cost. the per-unit cost of production increases as output increases. it results from management's inability to run the firm efficiently, or congestion and hold-ups ocurring in the productive process | 1 set | |
| 13 | output increase beyond the level that minimises average cost. | 1 set | |
| 14 | long-run atc rises as quantity increases | 1 set | |
| 15 | this occurs if the level of output increases beyond the level which minimises average costs | 1 set | |
| 16 | as production of a good increases, the costs of production increase | 1 set | |
| 17 | exist whenever long-run average costs increase as output increases. | 1 set | |
| 18 | average cost rises when output increases | 1 set | |
| 19 | a situation in which the long-run average cost of production increases as output increases | 1 set | |
| 20 | a situation in which long-run average cost increases as a firm's output increases. | 1 set | |
| 21 | the property whereby long-run average total cost rises as the quantity of output increases. | 1 set | |
| 22 | when long-run average total costs increase as output increases | 1 set | |
| 23 | increases in the atc of producing a product as the firm expands the size of its output | 1 set | |
| 24 | difficulty of efficiently controlling and coordinating a firm's operations as it becomes a large-scale producer. | 1 set | |
| 25 | the state in which the long-run average total cost increases as the quantity of output produced increases | 1 set | |
| 26 | the forces that cause organizations to have higher unit costs as volume increases. | 1 set | |
| 27 | just like it sounds; explains the down sloping part of the long-run atc curve | 1 set | |
| 28 | increase in the average total cost of producing a product as the firm expands the size of the plant | 1 set | |
| 29 | a situation in which the long run average cost of production increases as output increases | 1 set | |
| 30 | the difficulty of efficiently controlling and coordinating a firm's operations as it becomes a large-scale producer. | 1 set | |
| 31 | also called "decreasing returns to scale"; a situation where long-run average total cost increases as the output of a firm increases. (8) | 1 set | |
| 32 | these disadvantages arise when a firm becomes too large to manage effectively | 1 set | |
| 33 | situation in which long run average cost increases as output increases | 1 set | |
| 34 | a situation in which long-run average cost increases as a firm's output increases | 1 set | |
| 35 | another tern for decreasing returns to scale | 1 set | |
| 36 | increases in the atc of producing a product as the firm expands | 1 set | |
| 37 | features of a firm's technology that lead to rising long-run average costs as output increases | 1 set | |
| 38 | the property where by long run average total cost rises as the quantity of the output increases | 1 set | |
| 39 | cost increases that stem from an expanded use of resources. | 1 set | |
| 40 | once the firm reaches its optimum or most efficient level, any further expansion will causee costs to rise as the firm has grown too large | 1 set | |