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An Organization That Joins Two or More Individuals Together as Co-Owners

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An organization that joins two or more individuals together as co-owners


Definitions:

Marginal Product

the increase in output resulting from the use of one more unit of a variable input, holding all other inputs constant.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a particular input, keeping all other inputs constant.

Calculator Manufacturer

A company or entity involved in the production of calculators, ranging from basic to advanced scientific and graphing models.

Profit-maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit.

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