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Economies of scale is related to and can easily be confused with the theoretical economic notion of returns to scale. Where economies of scale refer to a firm's costs, returns to scale describe the relationship between inputs and outputs in a long-run (all inputs variable) production function.
The shape of the long-run marginal and average costs curves is influenced by the type of returns to scale. The long-run is a planning and implementation stage. [6] [7] Here a firm may decide that it needs to produce on a larger scale by building a new plant or adding a production line. The firm may decide that new technology should be ...
"Afreen Afreen" (Urdu: آفریں آفریں transl. Praise to her Creator! Praise to her Creator!) is a nazm (song) performed and composed by Nusrat Fateh Ali Khan with lyrics written by Javed Akhtar. [1] [2] It first featured on their collaborative album Sangam in 1996. [3]
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The concept of diseconomies of scale is the opposite of economies of scale. It occurs when economies of scale become dysfunctional for a firm. [1] In business, diseconomies of scale [2] are the features that lead to an increase in average costs as a business grows beyond a certain size.
President-elect Donald Trump appointed Elon Musk to lead the new Department of Government Efficiency (DOGE) to reduce government spending by up to $2 trillion by July 4, 2026. Read Next: If Trump...
We have a new favorite to win the College Football Playoff after the first round.. No. 5 seed Texas is +300 to win it all at BetMGM after its 38-24 win over No. 12 Clemson on Saturday. The ...
The music video features Atif Aslam. It is the first Pakistani music video to cross 100 million views on YouTube. [9] [10] The official video has garnered over 520 million views on YouTube, and became the most viewed Youtube video of Pakistani-origin, as of January 2022, leaving behind Rahat Fateh Ali Khan and Momina Mustehsan's rendition of Afreen Afreen having 336 million views. [11]