Examlex
Which of the following descriptions best describes the older Allison CEC family of electronically-managed transmissions?
Marginal Product
The additional output that is produced by adding one more unit of a specific input while holding all other inputs constant.
Market Wage
The prevailing wage rate paid for a specific job in the labor market, determined by the supply and demand for that type of labor.
Market Price
The going rate at which an asset or service can be acquired or disposed of in a certain market.
Marginal Product
The additional output gained by employing one more unit of a specific input, holding all other inputs constant.
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