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How is salivation regulated?
Wage Rate
The amount of compensation paid to employees per unit of time worked, often expressed per hour or year.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a particular input, assuming all other inputs remain constant.
Wage Rate
The amount of money a worker is paid per unit of time, such as an hour or a month.
Marginal Revenue Product
The extra income produced by using an additional unit of a production input.
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