Examlex
In a process called _____,nitrogen and phosphorus fertilize algae in the water resulting in algal blooms.
Wage
The amount of money that is paid to an employee by an employer, typically in exchange for the employee's labor, calculated on an hourly, daily, or piecework basis.
Value of Marginal Product
The additional revenue generated by employing one more unit of a factor of production, holding all other factors constant.
Profit
The financial gain achieved when the revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Wage
Payment to a worker from an employer for labor or services, usually expressed as an hourly, daily, or piece rate.
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