Examlex
_____ are evolving from mechanical devices that perform complex,repetitive tasks into computer-controlled systems with broad sensory abilities,discernment,and forms of intelligence.
Total Product Curve
A graphical representation of the production function, showing how the quantity of output depends on the quantity of the variable input for a given quantity of the fixed input.
Fixed Input
An input whose quantity is fixed for a period of time and cannot be varied (for example, land).
Capital
Resources, including finances and assets, used by businesses to fund their operations and investments.
Variable Input
An input whose quantity the firm can vary at any time to increase or decrease production.
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