Examlex
Which is the largest component of metabolism, accounting for about 65% to 70% of daily energy expenditure?
Inputs
Resources used in the production process, including labor, capital, materials, and energy.
Marginal Output
The additional amount of output that is produced as a result of a one unit increase in the input of a production process.
Resource
Assets, materials, or inputs used to produce goods and services, including natural resources, human resources, and capital.
AVC Curve
Represents the Average Variable Cost Curve, which shows the relationship between a firm's output and the variable costs per unit of output, typically declining and then rising.
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