Examlex
Which of the following groups was NOT one of the bases of support contributing to the resurgence of the Republican Party in the late 1960s?
Marginal Product
The additional output resulting from a one-unit increase in the quantity of a variable input, while keeping other inputs constant.
Returns to Scale
The rate at which output increases as a result of proportionately increasing all inputs in the production process.
U.S. Carpet Industry
The sector of the United States economy that is involved in the manufacturing, distribution, and sale of carpets and rugs.
Large Firms
Companies that operate on a large scale, often characterized by significant market share, extensive operations, and substantial revenue.
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