Examlex
Allocative efficiency is also referred to as productivity.
Demand
A schedule or curve that shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time.
Price
The amount of money expected, required, or given in payment for something.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a factor, such as labor or capital.
Wage Rate
The amount of money paid to an employee per unit of time or output.
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