Examlex
Which of the following is a service?
Output
The amount of goods or services produced by a company, industry, or economic system.
Production Function
A mathematical representation in economics that describes the relationship between the inputs used in production and the output of goods or services produced.
Returns To Scale
The change in output resulting from a proportionate increase in all inputs in the production process.
Input
Resources such as labor, materials, and capital used in the production process to create goods or services.
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