Examlex
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Total Output
The total quantity of goods or services produced by an economy or firm in a given period.
Total Product Curve
A graph that illustrates the total quantity of output produced by a firm as a function of the total quantity of a single input used, holding all other inputs constant.
Variable Input
Any production input that can be varied in the short term to increase or decrease output, such as labor or raw materials.
Output
The total amount of goods or services produced by a company or country.
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