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Explain how groundwater resources are being depleted and link that to human population growth.
Technical Rate
The rate at which technological improvement increases production efficiency, often measured as a percentage increase in output per unit of input.
Variable Factors
inputs in production that can be adjusted in the short term, such as labor and raw materials, contrasted with fixed factors like machinery.
Production Function
An equation or graph showing how output changes with variations in input factors, holding all else constant.
Decreasing Marginal
In economics, a situation where each additional unit of input results in a smaller increase in output compared to previous units.
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