Examlex
In planning for loads from wind, you must assume the prevailing wind is coming from the north.
Capital Employed
The total amount of capital used for the acquisition of profits by a firm or project, including the value of all assets employed in a business.
Production Function
A formula that specifies the output generated by a firm from varying combinations of factor inputs.
Marginal Cost
The supplementary expense incurred by fabricating one more unit of a product or service.
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 constant.
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