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What is demography? Given the demographic trends in Canada,what does Canada's future look like?
Inputs
Resources used in the production of goods and services, including labor, capital, materials, and technology.
Marginal Revenue Product
The extra income a company acquires by using an additional unit of input, like labor or capital.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a resource, such as labor or capital, holding all other inputs constant.
Wage Rate
The amount of compensation paid to an employee per unit of time, often hourly or annually, reflecting the price of labor in a market.
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