Examlex
Six Sigma requires an in-depth and comprehensive understanding of the behavior of a work process.
Factors of Production
The inputs used in the production of goods or services; traditionally includes land, labor, capital, and entrepreneurship.
Marginal Product
The additional output a firm gains from employing one more unit of input, holding the levels of all other inputs constant.
Marginal Product
The increase in output that arises from an additional unit of input, holding all other inputs constant.
Factors of Production
Resources used in the production of goods and services, including labor, capital, entrepreneurship, and land.
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