Examlex
All of the following personnel selection procedures are used legally by employers regardless of profession except
Isoquants
Isoquants are curves that represent combinations of various inputs that produce the same level of output, used in production theory to analyze input choices.
Input Prices
The cost of resources used in the production of goods and services.
MRTS
Marginal Rate of Technical Substitution, the rate at which one factor must decrease as another increases to keep output constant.
Isoquant Map
An isoquant map is a graph showing combinations of inputs that yield the same level of output, used in economics to depict production efficiencies and substitutability between inputs.
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