Examlex
Which of the following elements is a micronutrient in plants?
Average Variable Cost
The total variable cost of producing goods divided by the quantity of goods produced.
Law of Diminishing Marginal Returns
A rule of economics that asserts when a single production element is expanded and the rest stay unchanged, there will ultimately be a decline in total output after reaching a specific threshold.
Cost Curves
Graphical representations in economics that show how the costs of production vary with different levels of output.
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