Examlex
In the above figure, showbiz is the ____.
Production Possibilities
Different combinations of goods and services that an economy can produce efficiently with its available resources and technology.
Diminishing Returns
The 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.
Marginal Product
The increase in output resulting from a one-unit increase in the input of a production factor, holding all other inputs constant.
Marginal Product
The additional output resulting from one more unit of a given input, holding all other inputs constant.
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