Examlex
Fiedler's Contingency Theory of leadership predicts that relationship-oriented leadership will be most effective in
Average Cost
The total cost of production divided by the number of goods produced.
Marginal Cost
Marginal cost is the change in total cost that arises when the quantity produced is incremented by one unit; it is the cost of producing one more unit of a good.
Marginal Productivity
The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.
Diminishing
The process of lessening or decreasing in size, importance, or intensity.
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