{"id":420,"date":"2018-04-20T08:09:31","date_gmt":"2018-04-20T12:09:31","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/biggars\/?p=420"},"modified":"2018-04-20T08:09:31","modified_gmt":"2018-04-20T12:09:31","slug":"econ-5-2-vocab","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/biggars\/2018\/04\/20\/econ-5-2-vocab\/","title":{"rendered":"Econ 5.2 Vocab"},"content":{"rendered":"<p>14. Production function: a graph that shows how a change in the amount of a single variable input changes total production<\/p>\n<p>15. Various <strong>\u0645\u062e\u062a\u0644\u0641<\/strong><strong>:<\/strong> several; many<\/p>\n<p>16. Short run <strong>\u0648\u0642\u062a<\/strong> <strong>\u0633\u0631\u064a\u0639<\/strong><strong>:<\/strong> a time so fast that only the amount of variable input can be changed<\/p>\n<p>17. Labor <strong>\u0639\u0645\u0644<\/strong><strong>:<\/strong> work<\/p>\n<p>18. Long run <strong>\u0648\u0642\u062a<\/strong> <strong>\u0637\u0648\u064a\u0644<\/strong><strong>:<\/strong> a time long enough to change the amounts of all inputs<\/p>\n<p>19. Total product <strong>\u0625\u062c\u0645\u0627\u0644\u064a<\/strong> <strong>\u0627\u0644\u0645\u0646\u062a\u062c<\/strong><strong>:<\/strong> total (full) production made by a company or business<\/p>\n<p>20. Marginal product: extra production due to more help\/work <strong>\u0625\u0646\u062a\u0627\u062c<\/strong> <strong>\u0625\u0636\u0627\u0641\u064a<\/strong> <strong>\u0628\u0633\u0628\u0628<\/strong> <strong>\u0645\u0633\u0627\u0639\u062f\u0629<\/strong> \u0625\u0636\u0627\u0641\u064a\u0629<\/p>\n<p>21. Firm <strong>\u0639\u0645\u0644<\/strong> <strong>\u0648\u0627\u062d\u062f<\/strong><strong>:<\/strong> a business that sells stuff for profit<\/p>\n<p>22. Stages of production (3): helps a firm decide how many workers to hire and for how long<\/p>\n<p>23. Rate <strong>\u0633\u0631\u0639\u0629<\/strong><strong>:<\/strong> speed something is made or done<\/p>\n<p>24. Contribution <strong>\u0645\u0633\u0627\u0639\u062f\u0629<\/strong><strong>:<\/strong> help<\/p>\n<p>25. Diminishing returns: making less products than before <strong>\u0635\u0646\u0639<\/strong> <strong>\u0645\u0646\u062a\u062c\u0627\u062a<\/strong> <strong>\u0623\u0642\u0644<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>14. Production function: a graph that shows how a change in the amount of a single variable input changes total production 15. Various \u0645\u062e\u062a\u0644\u0641: several; many 16. Short run \u0648\u0642\u062a \u0633\u0631\u064a\u0639: a time so fast that only the amount of variable input can be changed 17. Labor \u0639\u0645\u0644: work 18. Long run \u0648\u0642\u062a \u0637\u0648\u064a\u0644: a [&hellip;]<\/p>\n","protected":false},"author":2107,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-420","post","type-post","status-publish","format-standard","hentry","category-econ"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/users\/2107"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/comments?post=420"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/posts\/420\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/media?parent=420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/categories?post=420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/biggars\/wp-json\/wp\/v2\/tags?post=420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}