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Identify the Following Term(s)

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Short Answer

Identify the following term(s).
-Renaissance (European)


Definitions:

Marginal Product

The additional output derived from adding one more unit of a specific input, while holding all other inputs constant.

Workers

Individuals or employees who perform tasks or labor for payment in various sectors of an economy.

Output

The volume of output in terms of products or services from a firm, industry, or the economy as a whole during a defined period.

Average Total Costs

The sum of all production costs divided by the quantity of output produced, representing the per-unit cost of production.

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