Examlex
Select the word or phrase that best matches the definition or example.
-In the Greek and Roman world,slaves were captives from war and piracy (and their descendants) ,abandoned children,and the victims of long-distance trade;manumission was common.In parts of one of these states,thousands of slaves were employed under brutal conditions in the mines and on great plantations.
Average Product
The output per unit of input, measured by dividing the total product by the quantity of input.
Average Product
The output per unit of input, calculated by dividing total production by the number of units of input.
Marginal Product
The additional output that is produced by adding one more unit of a particular input, keeping other inputs constant.
Short-Run Curve
Refers to a period in economics during which at least one factor of production is fixed, affecting production and cost decisions.
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