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Profit per unit is equal to
Highly Educated Workers
Individuals who have attained a high level of education, often holding college degrees or higher, which usually results in specialized skills.
Less-Educated Workers
Workers with lower levels of formal education, often facing different employment opportunities and wage scales compared to more educated workers.
Minimum Wage
The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.
Average Productivity
The total output of a production process divided by the number of units of input, measuring efficiency in using inputs to produce outputs.
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