Examlex
All of the following were part of Martin Luther King Jr.'s Chicago Freedom Movement platform EXCEPT:
Marginal Revenue Product
The additional revenue generated from hiring one more unit of labor or other input.
Complementary Inputs
Goods or services that are used together in production and whose use is interconnected, such that an increase in demand for one increases the demand for the other.
Marginal Physical Product
The marginal physical product is the change in output resulting from employing one more unit of a particular input, holding other inputs constant.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with cheaper alternatives.
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