Examlex
Compare and contrast the US system of electing members of Congress with a proportional representation system. Which do you believe is best suited to providing adequate representation?
Optimal Combination
An optimal combination refers to the selection of goods, services, or inputs that provides the highest satisfaction or return for a given cost or the lowest cost for a given level of satisfaction or output.
Inputs
Inputs are the resources used in the production process to produce goods or services, including labor, capital, materials, and energy.
Capital Intensive
A description of industries or businesses that require large investments in capital assets to produce goods or services.
Variable Cost
Costs that change in proportion to the level of production or activity within a company.
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