Examlex
The chemical acidity of a solution is measured in units of pH: , where
is the hydrogen ion concentration in the solution. If a sample of rain has a pH of 3.2, how many times higher is its
than pure water's, which has a pH of 7?
Marginal Product
The additional output that is produced by using one more unit of a particular input, while keeping other inputs constant.
Worker
An individual who performs labour for a company or another person in exchange for compensation.
Diminishing Returns
A rule that implies that after reaching a certain threshold, the profit rate from investing more into a specific sector won't keep rising unless there are changes in other contributing factors.
Production Function
An equation that describes the maximum output that can be achieved with a given set of inputs.
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