Homework answers / question archive / total revenue minus total cost, including both explicit and implicit costs total revenue minus total explicit cost the relationship between quantity of inputs used to make a good and the quantity of output of that good the increase in output that arises from an additional unit of input the property whereby the marginal product of an input declines as the quantity of the input increases costs that do not vary with the quantity of output produced costs that vary with the quantity of output produced total cost divided by the quantity of output fixed cost divided by the quantity of output variable cost divided by the quantity of output

total revenue minus total cost, including both explicit and implicit costs total revenue minus total explicit cost the relationship between quantity of inputs used to make a good and the quantity of output of that good the increase in output that arises from an additional unit of input the property whereby the marginal product of an input declines as the quantity of the input increases costs that do not vary with the quantity of output produced costs that vary with the quantity of output produced total cost divided by the quantity of output fixed cost divided by the quantity of output variable cost divided by the quantity of output

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1. total revenue minus total cost, including both explicit and implicit costs
2. total revenue minus total explicit cost
3. the relationship between quantity of inputs used to make a good and the quantity of output of that good
4. the increase in output that arises from an additional unit of input
5. the property whereby the marginal product of an input declines as the quantity of the input increases
6. costs that do not vary with the quantity of output produced
7. costs that vary with the quantity of output produced
8. total cost divided by the quantity of output
9. fixed cost divided by the quantity of output
10. variable cost divided by the quantity of output