Examlex
Define critical thinking and explain how and why competent communicators must be able to think critically.
Inputs
Resources used in the production process to generate outputs, including labor, capital, and materials.
Output
The total amount of something produced by a person, machine, or industry.
Returns To Scale
An economic concept describing how output changes in response to a proportional change in all inputs; indicating constant, increasing, or decreasing returns to scale.
Production Function
A mathematical equation that describes the maximum amount of output that can be obtained from a given set of inputs.
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