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Marginal Revenue Product
Marginal revenue product is the additional revenue generated from the use of one more unit of a variable input, holding other inputs constant.
Productive
The ability to produce a substantial amount of goods or services, or doing so efficiently.
Wage Differentials
Wage differentials are the variations in wage rates due to the differences in occupation, industry, geographic location, or within a company, among other factors.
College Graduates
People who have finished their studies and earned a degree from a higher education institution.
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