Examlex
The disposal of a significant component of a business is called
Marginal Product
The increase in output resulting from a one-unit increase in the amount of a single input used, holding all other inputs constant.
Total Product Curve
A graphic representation showing how the total quantity of output of a firm changes as the quantity of an input is changed, holding all other inputs constant.
Marginal Product
The increase in output that results from adding one more unit of a specific input, holding all other inputs constant.
Total Product
The total output or production achieved by a firm from a given amount of inputs.
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