Examlex
The relationship between the inputs employed by a firm and the maximum output it can produce with those inputs is called the firm's
Function
A relation between a set of inputs and allowable outputs, where each input is related to exactly one output.
Compounded Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Compounded Continuously
Pertains to the situation where interest is added to the principal balance of an investment, loan, etc., at an infinite number of times within a specified time period.
Balance
The equality between the sum of the debits and credits in an account, or the stability between opposing forces.
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