Examlex
A recent study found that when participants were made to think of the common cold they actually walked more slowly than their counterparts with a cold who did not focus on the common cold.
Productivity
The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Average Product
The output per unit of input, such as labor or capital, calculated by dividing total output by the total quantity of the input.
Marginal Product
The additional output produced as a result of using one more unit of a particular input, holding all other inputs constant.
Capital/Labor Ratio
The capital/labor ratio is a measure used in economics to indicate the amount of capital relative to the quantity of labor used in the production process.
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