Examlex
Identification of the various strains of N. meningitidis is through
Total Product
The total quantity of output that a firm produces with a given amount of fixed and variable inputs during a specified period.
Total Product
The total quantity of output that a firm produces, usually within a given time period.
Marginal Product
The additional output produced as a result of using one extra unit of a particular input.
Average Product
Average Product is the output produced, on average, by each unit of a variable factor of production, such as labor, calculated by dividing total product by the number of variable input units used in production.
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