Examlex
Shi'i predominate or constitute a sizable presence in all of the following except
Diminishing Marginal Returns
A principle stating that as more of a variable input is added to a fixed input, the additional output from each new unit of input will eventually decrease.
Average Total Cost Curve
A graphical representation showing the cost per unit of output when fixed and variable costs are summed up and divided by the total output.
Variable Costs
Costs that vary directly with the level of production or output, such as raw materials and labor expenses.
Fixed Costs
Business expenses that are not affected by changes in the level of production or sales, such as rent and salaries.
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