Examlex
Comparing how well males and females perform on a video game that simulates landing a space shuttle is _____.
Marginal Output
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Resource (Labor)
Human effort, both physical and mental, used in the production of goods and services.
Short Run
A period of time in economics during which at least one factor of production is fixed, limiting the capacity to adjust to changes in demand or market conditions.
Long Run
Describes a period in which all factors of production and costs are variable, allowing for the adjustment of all inputs and technology by firms.
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