Examlex
Motivation is the set of forces that initiates, directs, and makes people persist in their efforts to accomplish a goal.
Returns To Scale
The rate at which production output increases as a result of a proportional increase in all input factors.
Marginal Products
The additional output that is produced by employing one more unit of a particular input while holding the quantities of all other inputs constant.
Exponents
Mathematical notations indicating the number of times a base number is multiplied by itself.
Production Function
A mathematical representation that describes the relationship between inputs used in production and the output achieved.
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