Match the Following

question 98

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Together we'll get what we want

• A)Coalition
• B)Intuition
• C)Escalation of commitment
• D)Risk propensity
• E)Ethics

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Definitions:

Marginal Product

The additional output a firm gains from employing one more unit of input, holding the levels of all other inputs constant.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.

Factors of Production

Resources used in the production of goods and services, including labor, capital, entrepreneurship, and land.

Total Income

The aggregate amount of money earned by an individual or organization from all sources before taxes or deductions.