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What IT methods are local, state, and federal governments using to bring people closer to them?
Total Revenue Product
The total revenue product is the total revenue generated by a factor of production, such as labor or capital, based on its marginal product and the price of the goods or services produced.
MRP
Marginal Revenue Product, the additional revenue generated from employing one more unit of a resource.
Capital
Resources made and used to produce goods and services, including tools, equipment, machinery, and buildings.
Labor
The application of both mental and physical human capacities for the generation of goods and services.
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