Examlex
________ give rise to drives.
Total Product Curve
A curve that shows the relationship between the quantity of inputs used in production and the total quantity of output produced.
Marginal Revenue Product
The additional revenue produced from using one more unit of an input.
Marginal Labor Cost
The additional cost incurred by hiring one more unit of labor.
Hourly Wage
The amount of money that an employee is paid for each hour of work.
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