... product. Marginal product is the increase in total output that results when one additional unit of a resource for example, labor, fertilizer, and land is added to the production process, everything ... additional amenities in La Jolla that are not compensated for in Six Mile. The first rule of management (and other disciplines) has sometimes been stated as, “Different Strokes for Different ... service. This is called an explicit cost. Explicit cost is the money expenditure required to obtain a resource, product, or service. For example, the price of your book is an explicit cost of taking...