Examlex
Carl has been married for 28 years but recently has been unable to stop himself from having an affair with his tennis partner. Research indicates that the affair appeals to him for all the reasons below EXCEPT
Merit
Merit refers to the quality of being particularly good or worthy, especially so as to deserve praise or reward.
Productivity
The measure of how efficiently goods and services are produced, often expressed as the ratio of outputs to inputs.
Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.
Average Total Cost (ATC)
ATC refers to the per-unit cost of production, calculated by dividing the total costs by the quantity of output produced.
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