Examlex
What is the main difference between morphine and heroin?
Output Levels
Refers to the specific quantities of products or services generated by a business, sector, or economy during a specified period.
Returns to Scale
The rate at which output increases in response to proportional increases in all inputs.
Production Function
An equation or graph that shows the output generated from different combinations of inputs, usually focusing on labor and capital.
Marginal Product
The increase in output that results from an additional unit of input.
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