Examlex
The five criteria to use in evaluating research of all kinds―but particularly Internet research―can be remembered with the acronym FACQS, which stands for _____, _____, _____, and _____.
Production Function
An equation or graph showing how output changes with variations in input factors, holding all else constant.
Decreasing Marginal
In economics, a situation where each additional unit of input results in a smaller increase in output compared to previous units.
Increasing Returns
A situation in production where an increase in the amount of inputs results in a disproportionately larger increase in output.
Production Isoquant
A curve that represents all combinations of inputs that produce the same level of output, used in the analysis of production technology.
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