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Explain differential susceptibility, using the example of maternal depression and children's emotional maturity described in your textbook.
Returns To Scale
Rate at which output increases as inputs are increased proportionately.
Increasing Marginal Product
A situation where each additional unit of input results in an increased amount of output.
Economic Rents
Extra earnings above the minimum amount necessary to keep a factor of production in its current use.
Accounting Costs
The explicit costs of a business, representing the actual outflows of cash for wages, rent, materials, and other tangible inputs.
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