Examlex
Discuss why some governments engage in social and ethnic cleansing. What is the purpose of such campaigns?
Convex Isoquants
Curves that depict combinations of inputs that yield the same level of output in a production process, where convexity implies diminishing marginal rates of technical substitution.
Expansion Path
In economics, the curve that shows how a firm's production changes as it increases inputs, keeping the input mix proportionate.
Marginal Product
The additional output obtained by employing one more unit of a specific input, keeping all other inputs constant.
Perfect Substitutes
Two goods for which the marginal rate of substitution of one for the other is a constant.
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