Examlex
Write the quotient as the quotient of two radicals and simplify.
Diminishing Returns
A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.
Upward-Sloping
Describes a line or curve on a graph that moves higher on the y-axis as it moves to the right on the x-axis, typically used to describe a supply curve in economics.
Short-Run Average Total Cost Curve
A graphical representation that shows how the average total cost of production changes as the quantity produced changes in the short run.
Spreading Effect
The process by which increased investment leads to greater levels of income and consumption.
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