Examlex
Match the fat-related terms on the right to their appropriate definitions on the left.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource.
Profit-maximizing
The process of adjusting production and sales to achieve the highest possible profit.
Market Wage
The prevailing rate of pay for a specific job in a particular labor market.
Productivity
An indicator of how effectively resources are used in production, typically expressed as the proportion of produced goods to the resources consumed.
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