Examlex
Which of the following is the most meaningful metric for video ads?
Marginal Product
The additional output that is produced by employing one more unit of a particular input, such as labor or capital.
Average Product
The output per unit of input, calculated by dividing total output by the total amount of input used.
Short-Run
A period during which at least one input, typically capital, is fixed, influencing the flexibility of businesses to adjust to market changes.
Marginal-Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good varies as the quantity of production changes.
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