Examlex
Muhammad's flight from Mecca to Medina in 622 is known as what?
Average Product
The output per unit of input, calculated by dividing the total product by the quantity of input, reflecting the efficiency of production.
Marginal Product
The additional output resulting from the use of one more unit of a particular input, holding other inputs constant.
Total Product
The total output produced by a firm or within an economy.
Average Product
The output per unit of input, such as the quantity of goods produced per worker.
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