Examlex
What is the relationship between the following two compounds?
MPP
"MPP" is typically understood as "Marginal Physical Product," which refers to the additional output resulting from the use of one more unit of a variable input, holding all other inputs constant.
MRP
Material Requirements Planning (MRP) is a system for planning production, scheduling activities, and controlling inventory used in overseeing manufacturing operations.
MPP
Marginal Physical Product, the additional output resulting from the use of one more unit of a variable input, holding all other inputs constant.
MRP
Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource or factor of production.
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