Examlex
Cobranding has become increasingly unpopular since General Motors launched its credit card in 1992.
Technological Change
Development of new technologies allowing factors of production to be used more effectively.
Isoquant
A curve representing all the combinations of inputs that yield the same level of output.
Isocost Line
A graph that shows all possible combinations of labor and capital that can be purchased for a given total cost.
Returns to Scale
The rate at which production output increases in response to a proportional increase in all inputs (factors of production).
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