Examlex
Muhammad's flight from Mecca to Medina in 622 is known as the
Marginal Output
The additional output that results from increasing the production input by one unit.
Total Output
The total value of all goods and services produced in an economy during a specific period.
Workers
Individuals engaged in any form of employment, contributing labor for the production of goods and services.
ATC
Average Total Cost, a term in economics that refers to the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.
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