Examlex
One amp of electrical current is equal to
Average Product
The output produced per unit of input, calculated by dividing total production by the total number of inputs.
Marginal Product
The additional output that results from the use of one more unit of a production input, holding all other inputs constant.
Nonlabor Resources
Inputs used in the production of goods and services that do not involve human labor, such as capital, land, and natural resources.
Average Product
The output per unit of input, such as labor or capital, calculated by dividing total production by the number of input units.
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