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If the benefits of informing oneself are greater than the costs, then ignorance is
Marginal Product
The additional output produced by employing one more unit of a particular input, holding other inputs constant.
Wage
A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to manual or unskilled workers.
Rental Rate
The cost associated with leasing a particular commodity, property, or piece of equipment per unit time.
Marginal Product
The extra production resulting from the increase of a particular input by one unit, assuming all other factors remain constant.
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