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A flexible benefits package is designed for a male with a wife and two children at home.
Marginal Product
The rise in output due to an extra unit of input.
Marginal Product
The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.
Marginal Profit
The rise in earnings achieved by selling an extra unit of a product or service.
Market Price
The current price at which an asset or service can be bought or sold in a marketplace.
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