Examlex
A ______ is better suited if you are interested in the number of times a behavior is displayed, whereas a ______ is better suited if you are interested in the temporal flow of the behavior throughout the day.
Short-Run Supply
The supply of goods that occurs when the sellers are only able to change some, but not all, conditions of production.
Diminishing Marginal Returns
A 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 inputs remain constant.
Perfectly Competitive
A perfectly competitive market is one where many buyers and sellers trade identical products so that each has no influence on the market price.
Short Run
A period in which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand or supply.
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