Examlex
When the marginal product of an input declines as the quantity of that input increases, the production function exhibits
Median
A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.
Standard Deviation
A metric indicating the degree of spread or variability among values in a collection.
Variation
The occurrence of an organism, trait, or gene in more than one form, leading to diversity within a population.
Statistic
A numerical datum or piece of data derived from a study of a large quantity of numerical data, used for analyzing features of that population.
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