Lernkarten

Karten 12 Karten
Lernende 1 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 26.05.2010 / 25.12.2011
Lizenzierung Kein Urheberrechtsschutz (CC0)
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Fenster schliessen

marginal product

the increase in output that arises from an additional unit of input

Fenster schliessen

diminishing marginal product

the property whereby the marginal product of an input inclines as the quantity of the input increases

Fenster schliessen

fixed costs

costs that do not vary with the quantity of output produced (e.g. rent)

Fenster schliessen

variable costs

costs that vary with the quantity of output produced