Examlex
Which of the following variables do Fama and French claim do a better job explaining share returns than beta?
I. Book to market ratio
II. Unexpected change in industrial production
III. Firm size
Average Product
The output per unit of input, such as labor or capital, calculated by dividing total output by the total quantity of the input.
Marginal Product
The additional output produced as a result of using one more unit of a particular input, holding all other inputs constant.
Capital/Labor Ratio
The capital/labor ratio is a measure used in economics to indicate the amount of capital relative to the quantity of labor used in the production process.
Labor Productivity
The measure of the economic output produced per unit of labor input.
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