Examlex
In doing a calculation,you arrive at an expression in which the numerator is in kilometers and the denominator is in meters per second.When the calculation is completed,the result will be in units of
Input
Resources such as labor, materials, and energy that are used in the production process of goods or services.
Production Function
A mathematical representation that describes the relationship between inputs used in production and the resulting output.
Output
The aggregate sum of products or services generated by a business, sector, or economic system.
Cost
The value of everything a company gives up to produce goods or services, including materials, labor, and overhead expenses.
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