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What type of drafters do the following? Prepare CADD mod- els and drawings from rough sketches or other data pro- vided by landscape architects and prepare separate detailed site plans, grading and drainage plans, lighting plans, paving plans, irrigation plans, planting plans, and drawings and details of garden structures.
Productivity
The efficiency with which input resources are converted into outputs, often measured as the ratio of output to input in a given time period.
Law of Diminishing Returns
The principle that as investment in a single factor of production increases, holding all others constant, the incremental gains in output will eventually decrease.
Law of Diminishing Marginal Utility
states that as a person consumes more of a good or service, the utility (satisfaction) gained from each additional unit decreases.
Principal-agent Problem
A dilemma occurring when one person or entity (the agent), is able to make decisions on behalf of, or that impact, another person or entity: the principal.
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