Examlex
Which of the following would most likely be considered the least favoured way of modifying behaviour because of the potential negative side effects?
Variable Input
An input whose quantity can be changed in the short run to adjust production levels, such as labor or raw materials.
Demand Curve
A visual depiction showing the inverse relationship between price and the quantity demanded of a good, under ceteris paribus conditions.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, such as labor or capital.
Marginal Product
The additional output resulting from the use of one more unit of a production input, keeping all other inputs constant.
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