Examlex
________ bargaining is negotiation that seeks to divide a fixed amount of goods or services.
Marginal Product
The increase in output that arises from an additional unit of input, holding all other inputs constant.
Factors of Production
Resources used in the production of goods and services, including labor, capital, entrepreneurship, and land.
Total Income
The aggregate amount of money earned by an individual or organization from all sources before taxes or deductions.
Marginal Productivity
The extra output that is produced by using one more unit of a variable input, while keeping the quantities of other inputs constant.
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