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by android42 846 days ago
> Economies of scale. In particular, often total costs are a combination of fixed and variable costs. The more output, the more the fixed costs can be amortized, lowering average cost.

Except that after a certain point total costs increase again as the raw inputs become more scarce and expensive to obtain.

2 comments

If resources becomes scarce, don't worry. We've just crashed the market on human value, so we can make up for it with lower wages and longer hours.
Then we should grow so we can mine asteroids.