Examlex
If a certain examination results in the vast majority of females failing that test while the vast majority of males passed it, that exam can be said to have had a(n) ____________________ on females.
Returns to Scale
The rate at which output changes if the scale of all inputs is changed by the same proportion.
Output Level
The amount of product or service that is produced by a company or an economy at a given time.
Isoquants
Curves representing combinations of inputs which yield the same level of output in production theory, illustrating technical substitution and factor combinations.
MRTS
Marginal Rate of Technical Substitution; the rate at which one input must increase when another input decreases to keep output constant.
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