Examlex
A loan provided by a financial institution based on a proportion of the face value of credit sales outstanding is known as:
Resource Price
The cost of inputs used in the production of goods or services, such as labor, raw materials, and capital.
Marginal Product
The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.
Total-Product Schedule
A table that shows the output of goods or services that a firm can produce with different combinations of input resources.
Constant Price
Prices adjusted for inflation to reflect the real value of goods and services over time.
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