Examlex
What is meant by "value investing"? Is it consistent with the efficient markets hypothesis?
Technical Efficiency
The ability of a firm to get the maximum output from a given set of inputs, minimizing waste.
Marginal Product
The additional output obtained by employing one more unit of a variable factor of production, holding all other inputs constant.
Total Product
The sum of all products or services generated by a company or economic system within a defined timeframe.
Average Product
The output per unit of input, calculated by dividing the total product (output) by the total quantity of input used.
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