Examlex
In the figure above, item 3 helps you____.
Output
The final product or service produced from the input resources in a production process.
Function
In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.
Production Function
An equation or graph that shows the maximum output that can be produced from a given set of inputs or resources, under certain conditions and technologies.
Returns To Scale
The rate at which production output increases as a result of proportional increases in all inputs.
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