Examlex
A field that uniquely identifies each record.
Marginal Product
The additional output produced as a result of utilizing one more unit of input, holding all other inputs constant.
Total Product
The total quantity of output produced by a firm or an economy within a certain period, often considered in relation to inputs used.
Marginal Product
The additional output derived from employing one more unit of a particular input, while other inputs are held constant.
Average Product
The average product is calculated by dividing the total output produced by the quantity of inputs used, measuring overall input efficiency.
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