Examlex
What is environmental justice? How does globalization affect environmental justice? Give a specific example to support your answer.
Marginal Product
The additional output that results from a one-unit increase in the input of a production factor, holding all other inputs constant.
Marginal Revenue Product
the additional revenue generated from using one more unit of a factor of production.
Marginal Revenue Product
The extra income created from using another unit of an element like labor or capital.
Variable Input
Refers to inputs whose quantity can vary in production, affecting the total output.
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