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Marginal Product
The additional output resulting from the use of one more unit of a production factor.
Unit Of Labor
A measurement of work or effort by labor forces, often referred to in terms of hours worked or the number of workers.
Total Product Curve
A graphical representation in economics that shows the total quantity of output produced by a firm for varying quantities of a single input.
Variable Input
Inputs or resources whose usage varies with the level of production output, such as raw materials or labor.
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