Examlex
Few substances enter and completely leave the body in the same chemical state.
Marginal Product
The extra production obtained by employing an additional unit of a variable resource, while keeping the rest of the inputs unchanged.
Fixed Cost
Expenses that do not change in the short term regardless of the level of production or output.
Average Fixed Cost
The fixed costs of production (costs that don't change with the level of output) divided by the quantity of output produced.
Marginal Product
The additional output resulting from a one-unit increase in the input of a particular productive resource, holding all other inputs constant.
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