Examlex
Multiply the complex numbers.
Increasing Returns
A condition in economics when an increase in the scale of production leads to a greater proportional increase in output.
Isoquants
Curves that represent combinations of inputs that produce the same level of output, used in production theory.
Output
Output refers to the quantity of goods or services produced by a firm, industry, or economy within a certain period.
Increasing Returns
An economic principle where a proportionate increase in inputs leads to a greater proportionate increase in outputs, typically seen in production processes.
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