Examlex
Yield ratio is a measure of the quality of job applicants.
Producing Products
The process of creating goods or services to be sold to consumers involving stages from design to manufacturing.
MU/P
MU/P represents the ratio of marginal utility (MU) to the price (P) of a good, indicating the additional satisfaction gained per unit of currency spent.
Total Utility
The total amount of satisfaction or fulfillment a consumer gains from consuming a given amount or quantity of goods or services.
New Product
A new product is an item or service that has been recently developed or significantly improved, offering new features or benefits to the market.
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