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Define the term ideology. List the 2 different types of ideological mandates and provide an example of each.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor, such as labor or capital, in the production process.
Hearing Aid
A small electronic device worn in or behind the ear that amplifies sound for people with hearing impairments.
Worker
An individual engaged in a specific task or job, usually for payment, contributing to the production process in an economy.
Marginal Revenue Product
The extra income derived from the utilization of an additional input unit.
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