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What is an economic model?
Capital Market
The capital market is a financial market where long-term debt or equity-backed securities are bought and sold, providing businesses and governments with a platform to raise funds for long-term investments.
Marginal Productivity
The additional output that is produced by utilizing one more unit of a variable input, holding all other inputs constant.
Marginal Product
The additional output produced by employing one more unit of a particular input, holding other inputs constant.
Rental Price
The cost associated with leasing or renting an asset, property, or service.
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