Examlex
Functionalist architecture was popular during the 1950s and 1960s because it
Marginal Product
The additional output resulting from the use of one more unit of a productive input, holding other inputs constant.
Production Function
An equation that describes the maximum output of a good achieved from a given number of inputs.
Input
The inputs such as labor, materials, or resources utilized in creating products and services.
Convexity
In economics and finance, convexity refers to the shape of the curve that demonstrates how the duration of a bond changes as the interest rate changes.
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