Examlex
Cloud seeding:
Input
Resources such as labor, materials, and capital used in the production of goods and services.
Average Fixed Cost
The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.
Output
The total quantity of goods or services produced by a firm or economy over a specific period.
Marginal Product
Refers to the additional output that is produced by adding one more unit of a specific input, assuming all other inputs are held constant.
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