Examlex
Which of the following demonstrates the subject--action verb--object pattern?
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.
ATC
An abbreviation for Average Total Cost, a financial metric calculated by dividing the total cost by the quantity of output produced.
MC
Often referred to as Marginal Cost, it is the increase in total cost that arises from an extra unit of production.
Inputs
Resources used in the production process to produce goods or services.
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