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Jones Company decided to limit deliveries to selected areas to specific days of the week to save money on transportation.This is an example of:
Marginal Product
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Wage
The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to manual or unskilled workers.
Diminishing Returns
A principle stating that adding an additional factor of production results in smaller increases in output.
Marginal Product
The additional output resulting from the use of one more unit of a factor of production.
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