Examlex
Explain what is involved in LEED certification.
Marginal Output
The increase in output resulting from a one-unit increase in the level of input, while holding other inputs constant.
Variable Cost
Expenses that change in proportion to the activity or production level of a business; for example, costs for raw materials that increase as more goods are produced.
Rent
A payment made periodically by a tenant to a landlord in exchange for the use of land, a building, or another property.
Fixed Costs
Costs that do not change with the level of output in the short term, such as rent, salaries, and insurance.
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