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A vector of magnitude 6 and another vector have a resultant of magnitude 12.The vector :
Going Wage Rate
The average or standard amount of pay offered for a particular job in a specific area or industry.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity supplied.
Economic Rent
The excess payment made to or for a factor of production over and above what would be needed to move it to its next best use.
Wage Rate
The standard amount of compensation given to employees per unit of time worked, often expressed as an hourly rate or annual salary.
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