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The polygraph
Variable Input
Denotes resources used in production that can be adjusted in the short run, such as labor or raw materials.
Marginal Revenue Product
The extra income earned by utilizing an additional unit of a production resource, while keeping all other resources unchanged.
Variable Input
Resources or inputs in production that change in quantity depending on the level of output, such as raw materials and direct labor hours.
Market Wage
The average or prevailing wage rate for a specific job in a particular market or industry.
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