Examlex
Mega is what relation to kilo?
Output
The quantity of products or services that a business, sector, or economic system generates.
Inputs
The resources used in the production of goods and services, such as labor, raw materials, and capital.
Production Function
An equation that describes the maximum output of a firm, given the quantity of inputs it uses, illustrating the relationship between inputs and outputs.
Isoquant
A curve representing all combinations of inputs that produce the same level of output in production theory.
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