Match the Following Word Parts with the Correct Definitions

question 7

Multiple Choice

Match the following word parts with the correct definitions.
-Around

• A)Nulli-
• B)Primi-
• C)Multi-
• D)Mono-
• E)Di-
• F)Ante-
• G)Neo-
• H)Peri-

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Definitions:

Output

The amount of goods or services produced by a person, machine, or industry.

Marginal Product

Marginal product refers to the additional output generated by employing one more unit of a specific factor of production, holding all other factors constant.

Labor

The exertion of mental or physical strength by humans to create goods and services.

Fixed Cost

Fixed cost refers to a cost that does not change with the level of goods or services produced by a business over a certain period.