Examlex
Solve the problem.
-A 12-foot pole is supported by two wires that extend from the top of the pole to points that are each 5 feet from the base of the pole. Find the total length of the two wires.
Capital-labor Ratio
The ratio of the total capital employed by a firm to the number of its labor force, indicating the amount of capital used per worker.
Production Function
Function showing the highest output that a firm can produce for every specified combination of inputs.
Annual Output
The total production or quantity of goods and services produced by a company or economy in one year.
Economies of Scale
The cost advantage achieved by an increase in production, leading to a decrease in the average cost per unit through efficient allocation of resources and spreading of fixed costs.
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