Examlex
Graphic rating scales yield the depth of essays and critical incidents,but they are more time-consuming to develop and administer.
Input
Resources such as labor, materials, and capital that are used in the production process to create goods or services.
Returns To Scale
The speed at which production levels rise in reaction to an equal rise in all resources, including labor and capital.
Marginal Product
The extra output or benefit received from using one additional unit of a resource.
Factor X
A term used to denote an unknown or unspecified factor in various contexts, such as productivity, growth, or other economic models.
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