Examlex
What is the difference between a community and an ecosystem?
Fixed Cost
A cost that does not change with an increase or decrease in the amount of goods or services produced.
Variable Cost
Expenses that shift in proportion to the amount of production or output.
Total Output
The total quantity of goods or services produced by a firm, industry, or economy in a given period.
Marginal Product
The extra yield generated when one additional unit of a particular input is used, keeping all other inputs unchanged.
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