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The Author Uses the Analogy of an ______________________ to Describe

question 39

Essay

The author uses the analogy of an ______________________ to describe the process of standardizing the education of American children ion th elate 19th and early 20th centuries.


Definitions:

Price (P)

The cost necessary to acquire a good or service.

Value of the Marginal Product

The additional revenue generated by employing one more unit of a factor, such as labor or capital, in the production process.

Factor's Price

The payment for the use of a factor of production, such as wages for labor, rent for land, or interest on capital.

Value of the Marginal Product

The additional revenue generated from employing one more unit of a factor of production.

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