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Instructions: Please use this outline map of Europe to answer the question(s).
-Designate with arrows where each of the following persons' revolutionary theories originated: Mikhail Bakunin,Karl Marx,and Pierre Proudhon.
Production Function
An equation that describes the relationship between the inputs used in production and the output generated from those inputs.
Marginal Product
The additional output produced as a result of using one more unit of a particular input, holding all other inputs constant.
Profit Maximization
The process by which a company determines the price and output level that generates the maximum profit.
Production Function
A formula that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs.
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