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Marginal Products
The additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant.
Exponents
Mathematical expressions denoting the power to which a number or variable is raised, indicating repeated multiplication.
Production Function
An equation that specifies the amount of product that can be produced from different quantities of inputs.
Returns To Scale
The rate at which production output increases as a result of a proportional increase in all input factors.
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