Examlex
Plants, such as roots growing in cracks, and animals compacting the soil, have little influence on mechanical weathering.
Economic Profit
The difference between total revenue and total costs, including both explicit and opportunity costs, reflecting the additional gain or loss from a business decision.
Average Total Cost
The cost of producing each unit, calculated by dividing the overall production cost by the quantity of units made.
Marginal Cost
The extra expense that arises when one more unit of a product or service is produced.
Diminishing Returns
A principle in economics where each additional unit of input yields less and less extra output.
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