Examlex
In what location would you most expect to find methane hydrate gas?
Isoquant
A curve that represents all the combinations of inputs that produce the same level of output in production theory.
Output
The aggregate output of merchandise or services generated by a company, sector, or economic system.
Production Function
A mathematical model describing the relationship between the inputs used in production and the resulting output of goods or services.
Returns To Scale
The change in output as a result of a proportional change in all input factors in the production process.
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