Examlex
It is not possible to achieve significant cardiorespiratory improvements by exercising for only 10 minutes at a 90 percent intensity level.
Average Costs
The total costs of production divided by the number of goods produced, indicating the cost per unit of output.
Marginal Productivity
The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.
Fixity
In economics, refers to the inelasticity or immobility of certain factors, like land or capital, which can limit responsiveness to changes in market conditions.
Long Run
A period of time sufficient for all adjustments to be made in an economy or market, considering all possible changes in production.
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