Examlex
In which of the following does a nurse measure the amount of urine produced by the body and the amount of fluid taken in by a patient?
Marginal Product
The increase in output that results from employing one more unit of a particular input, keeping all other inputs constant.
Diminishing Marginal Returns
is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, begins to decrease.
Variable Resource
A resource whose quantity can change in the short run to increase or decrease production levels.
Fixed Resource
A resource whose quantity cannot easily be changed in the short term, such as land, buildings, or equipment.
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