Examlex
Human beings have evolved as social animals who live in groups,in part because:
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding costs related to production.
Law of 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 continue to increase if other variables remain at a constant.
Marginal Product
The additional output that is produced by employing one more unit of a particular input, keeping all other inputs constant.
Variable Resource
An input in production that can be adjusted in the short term to change the level of output.
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