Examlex
Explain what is meant by the weighted average cost of capital?
Total Product
The total output or production by a company during a specific period of time.
Average Product
Average Product is the output per unit of input, calculated by dividing total product by the quantity of the input.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, while holding other inputs constant.
Average Product
In economics, the output produced per unit of input, used to measure productivity efficiency.
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