Examlex
Which of the following terms refers to a nosebleed?
MRP
Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, commonly applied in economics.
Marginal Product
The additional output resulting from the use of one more unit of a production input, holding other inputs constant.
Variable Input
A variable input is one whose amount can be adjusted in the short term to either raise or lower output levels.
MRP
Acronym for Marginal Revenue Product, which measures the addition to total revenue resulting from the sale of the output produced by one more unit of a variable input.
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