A Great Advantage of Simulations in E-Learning Programs Is That

question 64

True/False

A great advantage of simulations in e-learning programs is that they offer people a chance to practice skills without risk to themselves or to others.

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Definitions:

Average Product

The output per unit of input, for example, the average quantity of product produced per worker or per machine.

Marginal Product

The additional output that results from using one more unit of a variable input, holding all other inputs constant.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase proportionally.

Total Product Curve

A graphical representation showing how the total quantity of output changes with variation in the quantity of a single input, holding other inputs constant.