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collecting bank (G2)<br />Any bank, other than the payer bank, handling a bank item, e.g. a cheque, for collection.
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generalized least squares (C1)<br />An improved method of estimating relationships between economic variables. Each observation is weighted by the reciprocal of the STANDARD DEVIATION of the disturbance concerned before applying the LEAST SQUARES METHOD.
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marginal revenue product (DO)<br />A MARGINAL physical PRODUCT (MPP) multiplied by the MARGINAL REVENUE obtained from that unit. Under PERFECT COMPETITION, as price is equal to MARGrNAL REVENUE, the marginal revenue product (MRP) is equal to the product of the marginal physical product and the price. The MRP shows the addition to the TOTAL REVENUE of a firm of producing another unit.
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