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According to Herzberg, when a hygiene factor is not fulfilled, employees will become dissatisfied.
Negative Economic Profits
A situation where a firm's total revenues are less than its total costs, including both explicit and implicit costs, indicating a loss.
Output Level
The quantity of goods or services produced by a company, industry, or economic system at a given time.
Average Revenue
The amount of income generated per unit of sale or the total revenue divided by the quantity of products or services sold.
Marginal Revenue
The income boost obtained through the sale of one extra unit of a product or service.
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