Examlex
Which external factors might increase the likelihood of experiencing high levels of stress according to your textbook?
Marginal Output
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Resource (Labor)
Human effort, both physical and mental, used in the production of goods and services.
Short Run
A period of time in economics during which at least one factor of production is fixed, limiting the capacity to adjust to changes in demand or market conditions.
Long Run
Describes a period in which all factors of production and costs are variable, allowing for the adjustment of all inputs and technology by firms.
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