Examlex
Animation has become increasingly popular and is now used in business-to-business ads in addition to consumer ads.
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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