Examlex
_____ prefer to do things the way they have been done in the past and are very suspicious of new ideas.
MRP
The extra income produced by using an additional unit of a resource or production factor.
Capital
Assets such as funds, equipment, and real estate used in business operations that contribute to the production of goods and services.
Labor
The human effort, either physical or mental, that is used in the production of goods and services.
MRP
Marginal Revenue Product, the additional revenue generated by employing one more unit of a resource, such as labor or capital.
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