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What is a negotiation approach in which each party seeks to maximize its resources?
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor, such as labor or capital.
Marginal Resource Cost
The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.
Labor Demand Data
Information that reflects the quantity of labor that employers are willing to hire at various wage rates.
Labor Supply Data
Information or statistics that represent the total number of hours that workers are willing and able to work at different wage rates in a given time period.
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