Examlex
The principle of ________ explains the occurrence of older rock within a newer igneous body.
Marginal Productivity
The additional output produced as a result of employing one more unit of a factor of production, holding all other factors constant.
Efficiency Wages
Salaries set above the market equilibrium, intended to increase productivity and efficiency by attracting better employees, reducing turnover, and motivating workers.
Above-equilibrium Wages
Wages set higher than the market equilibrium wage, often used by employers to attract better talent, reduce turnover, or motivate employees.
Better Performance
Refers to an improvement in efficiency, effectiveness, or outcomes in any given task or operation.
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