Examlex
Computer Basics offers three types of on-line basic computer training: Office, Web Design, and Programming.In the past, for every 20 students who sign up for training, 10 take the Office, 6 take Web Design, and 4 take Programming.Compute Basics has calculated a breakeven point of 1,200 courses.How many of the 1,200 courses will be Office?
Productivity
An indicator of production effectiveness typically expressed as the proportion of products generated to the resources used in creating them.
Output
The amount of goods or services produced by a company, industry, or economy within a particular period.
Input
Inputs like workforce, raw materials, and financial assets employed in the process of manufacturing products or delivering services.
Factor Substitution Effect
The change in the use of factors of production, like labor and capital, resulting from changes in relative prices or technological advancements.
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