Examlex
________ are firms that conduct retail business online.
Total Product
The total output of goods or services produced by a firm during a given period of time.
Diminishing Marginal Returns
A principle stating that as more of a production input is added, holding all others constant, the resulting additional output will eventually decrease.
Range
The difference between the highest and lowest values in a data set, often used to measure variability.
Average Product
The output per unit of input, typically calculated for labor or capital in the production process.
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