Examlex
An individual who exerts less effort when working on a group task if individual contributions will not be evaluated is engaging in what is called
Labor Per Unit
The amount of labor required to produce a single unit of output.
Cumulative Number
A total that increases over time by adding sequential amounts.
Lagrangian Technique
A mathematical method used in economics and engineering to find the maximum or minimum values of a function subject to constraints.
Optimal Capital/Labor Ratio
The most efficient mix of capital and labor that maximizes output or minimizes cost for producing a given level of output.
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