Examlex
Talk about: constitutional monarchy
Marginal Productivity
The increase in output resulting from a one-unit increase in the input, holding all other inputs constant.
Income Distribution
The way in which total income is shared among the population or different groups within the society.
Equilibrium Value
The price and quantity at which the supply and demand for a good or service balance each other out.
VMPL Curve
The VMPL curve, or the Value of Marginal Product of Labor curve, represents the additional value created by employing one more unit of labor, holding other inputs constant.
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