Examlex
Identify the group that replaces -OH in R-COOH when a carboxylic acid undergoes an esterification reaction.
Production Possibilities
The different combinations of goods and services that an economy can produce given its available resources and technology.
Average Product
A metric that measures output per unit of a variable input, calculated by dividing total production by the quantity of the variable input.
Diminishing Marginal Returns
A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases beyond a certain point.
Diminishing Marginal Returns
A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase forever and will eventually decrease.
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