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The most serious mistake that job candidates make when preparing their résumés is
Decreasing Returns
A concept in economics where each additional unit of input results in a progressively smaller increase in output, often observed in production processes.
Marginal Product
The additional output that is produced by using one more unit of a particular input while holding other inputs constant.
Factor
An element or component, such as land, labor, and capital, that is used in the production of goods and services.
Isoquant
An isoquant is a curve that represents all the combinations of inputs that yield the same level of output in the production process.
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