Examlex
"The new batch of executives needs to be trained on the company's social networking platform." Which of the following factors can be identified with this statement?
Total Profit
The overall financial gain made by a business after subtracting all costs and expenses from the total revenue.
Marginal Profit
The additional profit earned by producing and selling one additional unit of a good or service.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, holding all other inputs constant.
Variable Input
An input whose quantity can be changed in the short term to adjust production levels, such as labor or raw materials.
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