Examlex
What is the key word in ERP?
Marginal Revenue Product
The extra income derived from the utilization of an additional input unit.
Additional Revenue
Typically refers to incremental income generated from increased sales or services, beyond what is normally expected.
Additional Unit
Refers to the increment of one unit in the quantity of goods or services produced or consumed.
Marginal Product of Labor
The additional output that is produced by adding one more unit of labor, keeping other inputs constant.
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