Examlex
According to William James,which is a FALSE statement about instinctive behaviour?
Marginal Product
The extra production yielded from the use of one additional unit of a specific input while keeping all other inputs unchanged.
Labor
Refers to human effort, both physical and mental, used in the production of goods and services.
Output
Output is the quantity of goods or services produced by a company, industry, or economy within a specified period.
Average Product
The output per unit of input, calculated by dividing total output by the quantity of inputs.
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