Examlex
What helps an organization identify its customers across applications?
Variable Inputs
Inputs whose quantities can be changed in the short term to adjust production levels, such as labor and raw materials.
Fixed Input
An input whose quantity does not change with the level of output in the short run.
Marginal Product
The additional output that is produced by using one more unit of a variable input, holding all other inputs constant.
Variable Input
An input in the production process that varies with the level of output, such as labor or raw materials.
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