Examlex
All the following statements about complex transcription units are true except:
Production Function
A mathematical model that describes the relationship between input resources and the output of goods or services produced.
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.
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