Examlex
Catalogue retailers like Land's End attempt to reduce the total cost of ownership by reducing customers' shopping costs through online shopping.
Origin
The point or place where something begins, arises, or is derived.
Isoquants
Isoquants are curves that represent combinations of different inputs that yield the same level of output, used in production theory to analyze input choices.
Marginal Rate
The rate of change in a variable (often cost or benefit) as a result of a unit increase in another variable, commonly used in the context of marginal tax rates or marginal cost.
Technical Substitution
The process of replacing one set of inputs or technologies with another to produce the same amount of output, often for efficiency improvements.
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