Keep in mind that not all leasing companies allow lease assumptions. This takes us back to step oneâconsulting your lease contract. You must examine your specific lease stipulations before going through a lease assumption or any other lease-termination process. Be aware of the consequences of whatever action you take.
In other words, a factor is limiting if a change in the factor produces increased growth, abundance or distribution of an organism, when other factors necessary to the organisms life do not. Limiting factors may be physical or biological.
To increase output in the short run, a firm must increase the amount used of a variable input. Three relationships are crucial in this period. (Assuming labor is the only variable input in the following discussion.) Total Product (TP or Q) is the total amount of output produced. Marginal Product (MP) of labor is the increase in output resulting from a one-unit increase in the amount of labor employed.