Examlex
What are tokens?
Factors of Production
Resources used in the production of goods and services, including labor, capital, entrepreneurship, and land.
Total Income
The aggregate amount of money earned by an individual or organization from all sources before taxes or deductions.
Marginal Productivity
The extra output that is produced by using one more unit of a variable input, while keeping the quantities of other inputs constant.
Value of Marginal Product
The additional revenue generated by employing one more unit of a factor of production, holding other factors constant.
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