Examlex
Briefly discuss how the processing of data in a computer involves the interplay between its various hardware components.
Output
In economics, output refers to the total amount of goods and services produced by a company, sector, or economy within a certain period of time.
Function
A relation between a set of inputs and a set of permissible outputs, specifying a single output for each input.
Production Function
An equation that describes the relationship between the quantities of productive factors used and the amount of product obtained.
Returns To Scale
Describes how the output of a production process changes as all inputs are scaled up or down by the same proportion.
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