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More cards in this set
Card 6
Front
output per unit of output
Back
Card 7
Front
output per worker
Back
Card 8
Front
the rate by which output changes if the scale of all factors of production is changed
Back
Card 9
Front
an establishment, such as a factory, a workshop or a retail outlet, owned and operated by a firm
Back
Card 10
Front
when the scale of all the factors of production employed increases, output increases at a faster rate
Back
Card 11
Front
when the scale of all the factors of production employed increases, output increases at the same rate
Back
Card 12
Front
when the scale of all the factors of production employed increases, output increases at a slower rate
Back
Card 13
Front
as output increases, long-run average cost falls
Back
Card 14
Front
as output increases, long-run average cost rises
Back
Card 15
Front
cost per unit of output incurred when all factors of production or inputs can be varied
Back
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