Examlex
What is the molar concentration of Ag+(aq) in a 1.00 M solution of Ag(NH3) 2+ with no excess ammonia? (Kf = 1.70 * 107 for Ag(NH3) 2+)
Law of Diminishing Returns
The principle that as one factor of production is increased while others are held constant, the incremental gains in output will eventually decrease.
Marginal Output
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Resource (Labor)
Human effort, both physical and mental, used in the production of goods and services.
Short Run
A period of time in economics during which at least one factor of production is fixed, limiting the capacity to adjust to changes in demand or market conditions.
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