Examlex
According to the _____________ theory we forget information because other items in long-term memory impair our ability to retrieve it.
Marginal Product
The incremental increase in output resulting from the use of one additional unit of a resource, while keeping other resources constant.
Variable Resource
A factor of production whose quantity can easily be changed in the short term to increase or decrease production levels.
Fixed Resource
An asset or resource in production that cannot be easily increased or decreased in the short term, such as land or machinery.
Diminishing Returns
The principle that says as more of a variable input is added to a fixed input, the incremental gain in output will eventually decrease.
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