Examlex
Why are people with higher-than-average education more likely to vote?
Diminishing Returns
An economic principle where the addition of a variable factor to a fixed factor leads to a decrease in the marginal output of the variable factor beyond a certain point.
Variable Factors
Components of production that can be adjusted in the short term to change the output level, such as labor and raw materials.
Economies of Scale
A situation where the cost of producing one unit of a good decreases as the volume of production increases.
Diseconomies of Scale
The phenomenon where, beyond a certain point, the cost per unit increases as a company continues to grow in size and output.
Q2: What did the "minimal effects hypothesis" suggest
Q9: Desert plants can prevent overheating by utilizing
Q9: The highest level of ecological organization focuses
Q14: Sharks,rays,and skates retain urea and trimethylamine oxide
Q16: The rarest animal is the _ and
Q17: Westoby,Leishman,and Lord found that on average,_ produce
Q18: Which of the following was a fundamental
Q18: Which of the following is a consequence
Q29: What does an examination of the number
Q44: What federal program is designed to provide