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The most important single factor determining IJV success or failure is the choice of a partner.
Marginal Product
The additional output gained by adding one more unit of a specific input, holding all other inputs constant.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, such as labor or capital.
Variable Input
An input whose quantity can be changed in the short term by a firm to adjust the level of output.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor of production, like labor or capital.
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