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The first systematic interpretation of modern organizations was developed by:
Marginal Product
The additional output that results from using one more unit of a particular input while keeping other inputs constant.
Output
The quantity of products or services generated by a business, sector, or economic system over a certain timeframe.
Wage
Compensation or payment to an employee for labor or services rendered, typically expressed on an hourly, daily, or piecework basis.
Marginal Product
The additional output resulting from the use of one more unit of a production input, holding other inputs constant.
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