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Marginal Revenue
Change in revenue resulting from a one-unit increase in output.
Employee Effort Level
The degree to which an employee is motivated to exert effort in their work tasks and responsibilities.
Wage Rate
Rephrased: Wage Rate is the compensation paid by employers to employees for their labor, often determined per hour worked or by piece-rate.
Incentive Scheme
An incentive scheme is a plan or system designed to motivate and encourage employees to perform better by offering rewards or benefits.
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