Examlex
Whenever a bacterium undergoes fermentation, ethanol is a byproduct.
Marginal Product
Marginal product is the additional output gained from increasing one unit of a variable input, holding all other inputs constant, in the production process.
Total Product
The total quantity of output that a firm produces with a given amount of fixed and variable inputs during a specified period.
Total Product
The total quantity of output that a firm produces, usually within a given time period.
Marginal Product
The additional output produced as a result of using one extra unit of a particular input.
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