Examlex
Matching
Match the description with the corresponding term.
a.acid
b.base
c.ATP
d.diffusion
e.osmosis
f.active transport
g.DNA
h.electron
i.proton
j.ammonia
-movement of water
Average Variable Cost
The total variable cost per unit of output, which varies with the level of production.
Output
Output is the amount of goods or services produced by a person, machine, factory, or system over a specific period of time.
Labor
The effort by humans to produce goods or services in the economy. It is one of the primary factors of production.
Production Function
An equation or graph that shows the relationship between inputs (like labor and capital) and the maximum output that can be produced.
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