Examlex
Metric time is defined so that one day equals 10 hours; one hour equals 100 minutes; and one minute equals 100 seconds.One metric second equals how many normal seconds?
Origin
The point or place where something begins, arises, or is derived.
Isoquants
Isoquants are curves that represent combinations of different inputs that yield the same level of output, used in production theory to analyze input choices.
Marginal Rate
The rate of change in a variable (often cost or benefit) as a result of a unit increase in another variable, commonly used in the context of marginal tax rates or marginal cost.
Technical Substitution
The process of replacing one set of inputs or technologies with another to produce the same amount of output, often for efficiency improvements.
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