Examlex
Select the word or phrase in the sentence that is NOT used correctly.
I just want to go home and take a nap; last night, my neighbor's car alarm was going off twice while I was sleeping.
AP
If this refers to 'Average Product', it measures the output produced per unit of an input, averaging the total production over units of input. If it's another concept, additional context is needed for an accurate definition.
Marginal Product
The additional output that results from using one more unit of a particular input while holding other inputs constant.
Variable Resource
A factor of production whose quantity can be changed easily by a firm in the short run to adjust output levels.
Total Variable Cost
The sum of all variable expenses associated with producing a particular level of output.
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