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What endogenous process helps plants to keep their movements and other responses synchronized with the environment?
Resource Prices
The cost of inputs used in the production of goods and services, such as labor, capital, land, and raw materials.
Marginal Revenue Product
The extra income obtained through the use of an additional unit of a resource, for example, capital or labor.
Wage Rates
The amount of money paid to an employee by an employer for a unit of time worked or for a certain amount of work completed.
Labor Demand
Denotes the quantity of labor that employers are willing to hire at a given wage rate in a given time period.
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