Examlex
Provide a definition for arbitrage pricing theory (APT).
Diminishing Marginal Returns
A principle stating that as more of a variable input is added to a fixed input, the additional output produced from each new unit of input eventually decreases.
Circulation Numbers
Refers to the number of units (such as newspapers or magazines) distributed to the public within a specified time frame.
Marginal Product
The Marginal Product is the additional output that is produced by employing one more unit of a factor of production, holding other factors constant.
Labor
Any mental or physical exertion on the part of a human being that is used in the production of a good or service. One of the four economic resources.
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