Examlex
What is the correct order of the 5S?
Production Technology
Techniques, equipment, and software used in the production of goods and services.
Quantitative Relationship
A relationship that can be expressed as a mathematical equation, showing how changes in one variable affect another quantitatively.
Marginal Product
The additional output that is produced by using one more unit of a particular input while keeping other inputs constant.
Production Possibilities
A curve or frontier that shows the maximum combinations of goods or services that can be produced with a given set of resources and technology.
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