Examlex
Which of the following is not one of the components of a firm's business model?
Marginal Product Curve
A graphical representation that shows how the addition of one more unit of a resource to production affects the output of a product.
Total Product Curve
A graphical representation showing how the total quantity of output varies with changes in the quantity of a single input while other inputs are held constant.
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good varies as production increases.
Average Product
The output per unit of input, such as the quantity of goods produced per worker, used to measure productivity.
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