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Discuss the origin of soils.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor of production, holding all other factors constant.
Additional Revenue
Income gained from any additional unit of output or sale beyond the current level of production or service.
Rent
A payment made by tenants to landlords in exchange for the use of real estate, equipment, or other properties.
Marginal Physical Product
The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.
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