Examlex
What answer should be reported,with the correct number of significant figures,for the following calculation? (433.621 - 333.9) × 11.900
Output
Output is the quantity of goods or services produced by a company, industry, or economy within a specified period.
Average Product
The output per unit of input, calculated by dividing total output by the quantity of inputs.
Law of Diminishing Returns
An economic principle stating that as additional units of a factor of production are added to a fixed amount of another factor, the incremental increase in output will eventually decrease.
Thomas Malthus
Thomas Malthus was an 18th-century British economist and demographer, best known for his theory that population growth would outpace agricultural production, leading to widespread poverty and famine.
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