Examlex
A unit cost is computed by ________.
Output Effect
The impact on total production and economic output resulting from changes in price levels, influencing the quantity supplied or demanded.
Marginal Physical Product
The additional output that can be produced by adding one more unit of a specific input, while holding other inputs constant.
Additional Output
The extra amount of production generated as a result of increasing inputs or improving efficiency.
Productivity
A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in a production process.
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