Examlex
Bird-watching is most similar to what type(s) of research?
Marginal Returns
The additional output that is produced by using one more unit of a variable resource, keeping all other inputs constant.
Nonlabor Resources
are inputs in the production process that are not related to work or effort by employees, such as capital, land, and materials.
Diminishing
Refers to the principle where increasing one input, while holding others constant, will eventually yield lower per-unit returns.
Long Run
In economics, a period in which all factors of production and costs are variable, and firms can enter or exit the market.
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