Examlex
A small retail business has a local store and a newly established and growing online storefront. A recent storm caused a power outage to the business and the local ISP, resulting in several hours of lost sales and delayed order processing. The business owner now needs to ensure two things: Protection from power outages Always-available connectivity in case of an outage The owner has decided to implement battery backups for the computer equipment. Which of the following would BEST fulfill the owner's second need?
Labor
The physical and mental effort used in the production of goods and services, often considered one of the primary factors of production.
Marginal Physical Product
The extra yield obtained by employing an additional unit of a variable factor, while keeping all other factors unchanged.
Total Revenue Product
The total revenue generated from the sale of goods or services produced from a specific input or resource.
Wage Rate
The amount of money paid to a worker per unit of time, usually expressed per hour or year.
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