Examlex
Americans experienced a great wave of national unity and solidarity in the wake of the September 11, 2001 terrorist attacks. Yet within a few years they were very bitterly divided over both political goals and tactics. What was the primary cause of these divisions? Were they debates over longstanding cultural and moral differences, or were the divisions directly related to the specific policies and conduct of the Bush administration?
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the overall returns will eventually decrease after a certain point.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor used in the production process.
Output
The total amount of goods and services produced by an economy, company, or machine over a specified period.
Output
The amount of products or services that are generated by a company, sector, or nation within a specific timeframe.
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