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A phlebotomist has a requisition to collect a bilirubin and a complete blood count (CBC) from a newborn. The phlebotomist collects the bilirubin first but is unable to fill the microcollection tube for the CBC. The phlebotomist performs a second puncture and finishes filling the tube for the CBC.
-How will the CBC collected by the phlebotomist be affected?
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, such as labor or capital.
Marginal Physical Product
The additional output that is produced by employing one more unit of an input, holding other inputs constant.
Substitution Effect
The economic understanding that as prices rise, or income decreases, consumers will replace more expensive items with less costly alternatives.
Output Effect
The impact on total production and economic output resulting from changes in price levels, influencing the quantity supplied or demanded.
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