Examlex
In a study by Jackson and colleagues (2011) when coaches and athletes were found to display similar levels of extraversion this was associated with improved relationship quality.
Variable Input
An input whose quantity can be changed in the short run to adjust production levels, such as labor or raw materials.
Demand Curve
A visual depiction showing the inverse relationship between price and the quantity demanded of a good, under ceteris paribus conditions.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, such as labor or capital.
Marginal Product
The additional output resulting from the use of one more unit of a production input, keeping all other inputs constant.
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