Examlex
Journalists ought to rely on the courts to make the necessary ethical decisions instead of adopting the approach that they have absolute freedom to publish anything.
Marginal Revenue Product
The additional revenue a firm gains from employing one more unit of input, holding all other inputs constant.
Output
The amount of goods or services produced by a company, industry, or economy within a specified period.
Profit-Maximizing
A strategy where a firm determines the price and production level that generates the highest possible profit.
MRP
The additional revenue a firm gains from hiring an additional unit of input, such as labor, in the production of goods.
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