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The following is one of the personality characteristics discussed in the chapter:
Marginal Revenue Product
The extra revenue generated by employing one more unit of a factor, such as labor or capital.
Marginal Revenue Product
The additional revenue generated from using one more unit of a resource.
Additional Revenue
The increase in income received from selling one more unit of a product or service.
Additional Unit
The next unit of production, referring to the increase in quantity by one unit.
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