Examlex
_____________ help organizations run more efficiently by incorporating people, technology, and information systematically.
Marginal Product
The additional output that is produced as a result of utilizing one more unit of a variable input, holding other inputs constant.
Equilibrium Quantity
The level of goods or services offered and demanded at the price of equilibrium.
Labor
The effort involving both mental and physical capacities of humans utilized in creating goods and services.
Marginal Productivity Theory
A principle in economics that states the compensation of a factor of production, like labor, depends on the marginal productivity of that factor.
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