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Marginal Product
The additional output resulting from employing one more unit of a particular input, keeping other inputs constant.
Optimal Employment
The level of employment where the marginal product of labor equals the real wage rate, maximizing efficiency and productivity in the use of labor resources.
Marginal Product
The additional output resulting from using one more unit of a production input, keeping all other inputs constant.
Marginal Revenue
The supplementary income generated from the sale of an extra unit of a good or service.
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