Examlex
A ____ switch is used where it is desired to control a light or group of lights, or other load, from one switching point.
Marginal Revenue Product
The extra income derived from the use of an additional unit of a resource or input in production.
Input
Resources such as labor, materials, and capital that are used in the production process to create goods and services.
Derived Demand
is the demand for a good or service that results from the demand for another good or service. For instance, the demand for steel is derived from the demand for cars.
Factors of Production
The resources of land, labor, capital, and entrepreneurial ability.
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