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Dr. Zaius believes that no one theory can explain human development and has developed an approach that incorporates elements from many of the major theories. Given this description, Dr. Zaius is best classified as a(n) _____ theorist.
Marginal Productivity Theory
An economic theory that suggests the price of a factor of production (like labor or capital) is determined by its marginal productivity, or the additional output generated by one more unit of the factor.
Total Output
The total quantity of goods and services produced by an economy, a company, or a sector during a specific period.
Marginal Revenue Productivity
The additional revenue a company generates when it increases the production input by one additional unit.
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