Examlex
The average score for a class of 30 students was 75. The 20 male students in the class averaged 70. The 10 female students in the class averaged:
Production Function
An equation or graph that shows the output generated from different combinations of inputs, usually focusing on labor and capital.
Marginal Product
The increase in output that results from an additional unit of input.
Returns to Scale
Refers to the rate at which output increases as inputs are proportionately increased, categorizing into increasing, constant, or decreasing returns.
Carpet Industry
The sector of the economy specialized in the manufacture and sale of carpets and rugs.
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