Examlex
What is one of the two predictors of a school dropout?
Marginal Revenue Product
The additional revenue generated from using one more unit of a factor of production.
Marginal Resource Cost
The additional cost incurred by acquiring one more unit of a resource, such as labor or materials.
Long-run Real Wages
The inflation-adjusted income received by workers, taking into account the purchasing power of their earnings over a long period.
Demand for Labor
The total amount of workforce or labor hours that employers in the economy are willing and able to hire at a given wage rate.
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