Examlex
Perform the operation and write the result in standard form.
Output
The total amount of goods or services produced by a person, machine, factory, country, etc., within a particular time period.
Marginal Product
The additional output generated by employing one more unit of a factor of production.
Output Level
The total quantity of goods and services that a firm or industry produces over a set period.
Marginal Cost
The additional cost incurred by producing one more unit of a product or service.
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