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A new Neighborhood Watch program, nicknamed "Community Policing 2.0," is called:
Marginal Revenue Product
The additional revenue generated by employing one more unit of a resource or input.
Marginal Cost
The additional cost of producing one more unit of a good or service.
Competitive Labor Market
A market where numerous employers are actively seeking to hire and numerous individuals are seeking employment, with wages determined by the supply and demand for labor.
Wage Rate
The amount of compensation paid to an employee per unit of time worked, often expressed per hour or year.
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