Examlex
The core drivers of the information age are data,knowledge,business intelligence and _____________.
Maslow's Hierarchy
A psychological theory positing a five-tier model of human needs, ranging from basic (physiological) needs to higher (self-actualization) needs.
Diminishing Marginal Product
The decrease in the additional output produced when one more unit of input is added, keeping all other inputs constant.
Average Total Cost
The cost for each unit produced, found by taking the total cost of producing goods and dividing it by the output quantity.
Production Function
An equation that describes the maximum amount of output that can be derived from a set number of inputs.
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