Examlex
How are birds able to get fresh air even when they are exhaling?)
Quantity
The amount or number of a product or service that is available for use or sale.
Marginal Product
The additional output resulting from a one-unit increase in the use of a variable input while holding other inputs constant.
Marginal Cost
The fees associated with creating one additional unit of a good or service.
Average Variable Cost
The per-unit variable cost, determined by dividing the overall variable expenses by the amount of output generated.
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