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Variable Input
An input in the production process that varies with the level of output, such as labor or raw materials.
Marginal Product
The increase in output resulting from a one-unit increase in the use of a particular input, while holding other inputs constant.
Average Product
The output produced, on average, by each unit of a variable input, such as labor or capital, in the production process.
Total Product
Total product refers to the total quantity of output that a firm produces over a given period, typically in relation to varying levels of input.
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