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Not all plants can use the C4 pathway to avoid photorespiration.
Value of Marginal Product
The additional revenue generated by employing one more unit of a factor of production, holding all other factors constant.
Profit
The financial gain achieved when the revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Wage
Payment to a worker from an employer for labor or services, usually expressed as an hourly, daily, or piece rate.
Marginal Revenue
The change in total revenue from an additional unit sold.
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