Examlex
If the maximum temperature for a particular day is 26°C and the minimum temperature is 14°C, the daily mean would be:
Supply Function
A mathematical equation or curve that shows the relationship between the price of a good and the quantity supplied.
Production Function
An economic model that describes the relationship between inputs used in production and the output of those goods or services.
Supply Function
A mathematical model that illustrates the relationship between the supply of a good or service and its price, holding other factors constant.
Production Function
An equation that describes the relationship between inputs and the maximum output that can be produced with those inputs.
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