Examlex
Describe the relation between birth order and intelligence and discuss two potential causes for the birth order effect on intelligence.
MRP
Marginal Revenue Product; the additional revenue generated by employing one more unit of a factor, such as labor or capital.
Marginal Revenue Product
The additional revenue a firm earns by employing one more unit of input, like labor or capital, in the production process.
Wage Rate
The amount of compensation a worker receives for performing a service, typically measured per hour or unit of work.
Employment
The state of having a paid job or being engaged in a productive activity.
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