Examlex
Research indicates that university students see communication via texting using a cell phone and face-to-face communication as fundamentally different. Using the SPEAKING acronym, identify the element of the speech event that is the site of the difference. Then discuss the elements in which this difference might make changes.
Returns to Scale
The change in output resulting from a proportional change in all inputs (factors of production) in the long run.
Inputs
Resources such as labor, materials, and capital that are used in the production process to create goods or services.
Output
The total amount of goods or services produced by a firm, industry, or economy over a certain period of time.
Isoquant
A curve that represents all the combinations of inputs that produce the same level of output in the production process.
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