Examlex
Which of the following takes precedence over multiplication?
Input Proportions
The ratio of one type of input to another type of input used in the production of goods or services.
Market Price
The current price at which a good or service can be bought or sold in a competitive marketplace.
Production Increase
An uptick in the quantity of goods and services produced within a given time frame.
Marginal Product
The additional output gained from employing one more unit of a particular input while keeping other inputs constant.
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