Examlex
The first bicycles were made of ________.
Diminishing Marginal Returns
A principle stating that as more of a variable input is added to a fixed input, the additional output gained from each new unit of input eventually decreases.
Productivity
The measure of the efficiency of a person, machine, factory, or system in converting inputs into useful outputs.
Technical Assistance
Support provided, typically in the form of expertise or training, to help organizations, countries, or businesses improve their performance.
Isocost Line
A graphical representation in economics that shows all possible combinations of inputs that have the same total cost.
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