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INSTRUCTIONS for Questions 111-115: Match Each of the Descriptions Below

question 40

Multiple Choice

INSTRUCTIONS for questions 111-115: Match each of the descriptions below with the term it best describes.
-Your friend comes into the room and slams the door, so you assume he is angry with you.


Definitions:

Marginal Productivity

Marginal productivity refers to the extra output, income, or benefit derived from using an additional unit of a variable factor of production, holding all other inputs constant.

Factors Of Production

The resources used to produce goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.

Rent

Payment made by a tenant, often monthly, to a landlord in exchange for the use of land, a building, or other property.

Income Forms

Various ways through which individuals or entities can receive money, such as wages, salaries, dividends, interest, and rents.

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