Examlex
Which of the following best describes what would happen if a 1.5-solar-mass neutron star,with a diameter of a few kilometers,were suddenly (for unexplained reasons) to appear in your home town?
Law Of Diminishing Returns
An economic principle stating that if one factor of production is increased while others remain constant, the overall marginal returns will eventually decrease.
Average Output
The total output produced divided by the number of units of input, measuring the efficiency or productivity of production.
Diminishing Marginal Returns
The principle that as an additional unit of a factor of production is added to a fixed amount of other factors, the increase in output will eventually decrease.
Variable Inputs
Refers to inputs used in production that can be adjusted in the short term to meet changes in output levels, such as labor or raw materials.
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