Examlex
Social scientists who focus on concrete problems-such as how to boost literacy rates in schools or how to increase energy conservation-are known as ____.
Marginal Product
Increment in production resulting from one extra unit of labor or capital.
Production Process
The method or sequence of operations involved in the conversion of inputs (like raw materials and labor) into finished goods or services.
Marginal Product of Labor
The additional output produced as a result of adding one more unit of labor, holding all other inputs constant.
Marginal Cost
The cost of producing one additional unit of a product.
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