Examlex
____ shifting is the process of converting media files from a format suitable to one device to a format suitable for a different kind of device.
Expenditures
The financial outflows or payments made by an individual, organization, or government unit, usually for goods or services.
Average Product
The output per unit of input, calculated by dividing total output by the quantity of inputs used.
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.
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