Examlex
Investigators interested in the role of the brain in regulation of hunger have identified that damage to the lateral hypothalamus leads animals to eat excessively and gain weight rapidly.
Average-Total-Cost Curve
A graphical representation showing the relationship between the average total cost of producing a good and the quantity of the good produced.
Diminishing Marginal Product
A principle stating that, holding all else constant, an increase in the quantity of one input will eventually lead to lower additional output per unit of input.
Marginal Product
The extra production that comes from using an additional unit of input, while keeping other inputs unchanged.
Total Cost Curve
A graphical representation of the total cost of production, which shows how total cost changes as the quantity of output changes.
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