Examlex
The use of debt is sometimes described as financial leverage because debt can have the effect of increasing the return on equity.
Marginal Product of Labor
The extra output produced by adding one more unit of labor, holding other inputs constant.
Unit of Labor
A measurement used to represent an hour of work or effort by a worker or laborer.
Wage Rate
The amount of money paid to an employee for a specified quantity of work, often expressed per hour or year.
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