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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.
Marginal Product Curve
A graphical representation showing how the additional output of a firm varies with the addition of one more unit of a variable input, holding all other inputs constant.
Total Product
The overall quantity of output that a firm produces, usually specified in relation to a given quantity of inputs.
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