Examlex
Which of the following is NOT true when arranging the physical setting for an interview?
Normal Profit
The minimum profit necessary for a company to remain competitive in the market, equating to the opportunity cost of capital and resources.
Implicit Costs
Indirect expenses that do not involve a direct cash outlay but represent an opportunity cost, such as using resources for one purpose over another.
Average Product
The output per unit of input, such as the number of goods produced per worker, used to measure productivity efficiency.
Marginal Product
The additional output that is produced by employing one more unit of a factor of production, holding other factors constant.
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