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Each of the following terms is related to the scientific process. Match each to its description.
-a hypothesis that has been extensively tested and found to be true
Fringe Benefits
Nonwage compensation, mainly medical insurance, that workers receive from employers.
Demand for Labor
The total amount of labor that employers are willing and able to hire at a given wage rate in a certain period.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource or factor of production.
Wage Rate
The amount of compensation workers receive in exchange for their labor, typically expressed per hour, day, or piece rate.
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