Examlex
The clear front surface of the eye that allows light in, which is also a major focusing element of the eye, is known as the ______.
Marginal Cost
The sum required to produce an extra unit of a product or service.
Variable Input
An input in the production process that can be adjusted in the short run to change the level of output, such as labor hours or raw materials.
Marginal Cost
The investment required to manufacture one more unit of a product or service.
Diminishing Marginal Returns
A principle stating that as one factor of production increases, while others stay constant, the additional output will eventually decline.
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