Examlex
_____ is the mastery of abilities essential to successful functioning in organizations.
Marginal Physical Product
The change in total physical output that results from a one-unit increase in the quantity of one input, holding other inputs constant.
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.
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