Examlex
What is the principal effect of ultraviolet radiation on DNA?
Substitution Effect
The change in the consumption pattern of goods due to a change in relative prices, holding the level of utility constant.
Output Effect
The change in total output resulting from a change in input quantities or the introduction of new processes or technologies in the production.
Price of Capital
The cost of using capital goods, such as equipment or buildings, which is often reflected in interest rates or rental charges.
Complementary to Labor
Refers to technology or tools that enhance the productivity of workers, increasing output.
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