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