Examlex
An law firm purchases a $100,000 computer system for its accounting department.This is an example of a(n) :
Increasing Returns
The situation in which output increases by a larger proportion than the increase in inputs used in production.
Workers
Individuals who perform tasks or work for compensation, typically within the structure of employment by organizations or companies.
Marginal Product
The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.
Total Product
The total quantity of output produced by a firm from a given quantity of inputs during a certain period of time.
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