Examlex
The R&D function of the value chain can help to lower costs or raise the value of a product and permit a company to charge higher prices.
Complementary Resources
Assets or inputs that enhance the value or performance of another asset or input when used in conjunction, such as gasoline for cars or software for computers.
Price of Capital
The cost associated with acquiring capital, including the interest or dividends paid to access funds or the rental rates paid for physical capital.
Marginal Resource Cost
Marginal resource cost refers to the additional cost incurred by employing one more unit of a resource, such as labor or capital, in production.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource or factor of production.
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