The Magnitude of a Vector Cannot Be Smaller Than the Magnitude

question 51

True/False

The magnitude of a vector cannot be smaller than the magnitude of any of its components.

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Definitions:

Marginal Product

The additional output produced by adding one more unit of a specific input, keeping all other inputs constant.

Marginal Revenue Product

The additional revenue a firm gains from employing one more unit of input, holding all other inputs constant.

Output

The amount of goods or services produced by a company, industry, or economy within a specified period.

Profit-Maximizing

A strategy where a firm determines the price and production level that generates the highest possible profit.