Examlex
Name the four characteristics of muscles: _________________________,__________________________,_________________________,and _________________________.
Marginal Product
Marginal product is the additional output generated by using one more unit of a particular input while keeping other inputs constant.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, all other factors being constant.
Resource Productivity
The ratio of output (goods and services) produced per unit of resource input, used to assess the efficiency of resource use.
Ceteris Paribus
A Latin phrase meaning 'all other things being equal,' used in economics to isolate the effect of one variable on another by holding all other relevant factors constant.
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