Examlex
Match each principle with its corresponding description.
-Patients have a right to make determinations for themselves
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the number of units produced.
Units
Basic quantities or measures adopted by convention or by law, used as a standard to express physical quantities.
Diminishing Returns
An economic principle where the addition of a variable factor to a fixed factor leads to a decrease in the marginal output of the variable factor beyond a certain point.
Variable Factors
Components of production that can be adjusted in the short term to change the output level, such as labor and raw materials.
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