Examlex
When a vendor returns a request for proposal, it will include all of the following, except:
Marginal Product
Marginal product refers to the additional output generated by employing one more unit of a specific factor of production, holding all other factors constant.
Labor
The exertion of mental or physical strength by humans to create goods and services.
Fixed Cost
Fixed cost refers to a cost that does not change with the level of goods or services produced by a business over a certain period.
Production
The creation or manufacture of goods and services with the combination of labor, equipment, technologies, and raw materials.
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