Examlex
List the seven categories of HR functions.
Marginal Revenue
Marginal Revenue refers to the increase in revenue resulting from the sale of one additional unit of a product or service.
Marginal Cost
The growth in the total amount of costs resulting from the manufacture of one more unit of a good or service.
Efficient Scale
The level of production at which a firm achieves the lowest possible cost per unit of output, optimizing its use of resources.
Demand Curve
A graph showing the relationship between the price of a good or service and the quantity demanded for a given period.
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