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Match Each Term with Its Definition

question 88

Multiple Choice

Match each term with its definition.
-Organic substances found in foods that are essential to good health and growth


Definitions:

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.

Output

The total quantity of goods or services produced by an individual, firm, or country within a certain period.

Diminishing Marginal Returns

A principle in economics that indicates a decreasing level of incremental output for each additional unit of input, after a certain point.

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