Examlex
Which of the following is true of those steps of glycolysis which yield pyruvate as the end product?
Average Product
The output per unit of input, calculated by dividing total production by the number of units of input.
Marginal Product
The additional output that is produced by adding one more unit of a particular input, keeping other inputs constant.
Short-Run Curve
Refers to a period in economics during which at least one factor of production is fixed, affecting production and cost decisions.
Marginal Product
The change in output resulting from employing one more unit of a particular input while holding all other inputs constant.
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