Examlex
If fixed cost at Q = 100 is $130, then
Output
The quantity of goods or services produced by a company, sector, or economy.
Diminishing Marginal Product
A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.
Production Function
Describes the relationship between inputs used in production and the resulting output.
Positive
Characterized by or denoting an occurrence or condition that is affirmatively present or beneficial, often used in the context of positive effects or outcomes.
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