Examlex
Explain the ratio method and the portfolio-weighted average method.
Variable Input
A resource or factor of production whose quantity can be changed easily in the short term to adjust production levels.
Diminishing Marginal Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.
Variable Factor
An input or resource whose quantity can be changed in the short run to adjust production levels.
Total Output
The total quantity of goods or services produced by an economy or firm in a given period.
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