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Production Function
A mathematical representation of the relationship between inputs used in production and the output generated from those inputs.
Capital Employed
The total amount of capital used for the acquisition of profits by a firm or project, including the value of all assets employed in a business.
Production Function
A formula that specifies the output generated by a firm from varying combinations of factor inputs.
Marginal Cost
The supplementary expense incurred by fabricating one more unit of a product or service.
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