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What is the difference between debt and equity financing?
Total Product
The total quantity of output produced by a firm or an economy within a certain period, often considered in relation to inputs used.
Marginal Product
The additional output derived from employing one more unit of a particular input, while other inputs are held constant.
Average Product
The average product is calculated by dividing the total output produced by the quantity of inputs used, measuring overall input efficiency.
Decreasing
A process or trend characterized by reduction or decline in size, amount, or degree.
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