Examlex
Which of the following can be patented?
Average Variable Cost
The total variable cost divided by the number of units produced, reflecting the variable cost of producing each additional unit.
Total Variable Cost Curve
A graph that shows the relationship between total variable cost and the level of a firm’s output.
Factor Prices
The prices of the inputs used in the production process, such as labor, capital, and land.
Output
The total amount of goods and services produced by a business, industry, or economy.
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