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According to the Application Prioritization Matrix, the most attractive applications are those that have a high business impact and a low ease of execution.
Total Product
The overall quantity of goods or services produced by a firm, using a given level of inputs, within a specific period.
Average Product
The output produced per unit of input, calculated by dividing total production by the number of input units.
Marginal Product
The additional output resulting from using one more unit of a particular input while holding all other inputs constant.
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