Examlex
Which of the following is classified as an input in the equity theory?
Diminishing Returns
The principle that as an increasing amount of one factor of production is employed, holding all other factors constant, the additional output generated will eventually decrease.
Marginal Productivity
Marginal productivity refers to the extra output, income, or benefit derived from using an additional unit of a variable factor of production, holding all other inputs constant.
Factors Of Production
The resources used to produce goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.
Rent
Payment made by a tenant, often monthly, to a landlord in exchange for the use of land, a building, or other property.
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