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Give a short concise definition for the following terms and explain their relationship to the study of economics.
a.marginal physical product
b.marginal revenue product
c.law of diminishing returnsdeconomies of scale
Repay Borrowed
The act of returning money that was borrowed from a person or institution.
Equity Financing
A method of raising capital through the sale of shares in a company, thereby giving investors ownership interests.
Venture
A business enterprise involving risk in expectation of gain.
Co-Owner
An individual or entity that shares ownership of an asset, property, or business with one or more parties.
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