Examlex
Both cyanobacteria and phytoplankton are
Wage Affected
The impact on employees' earnings due to various factors like inflation, demand for labor, or changes in government policy.
Marginal Product
The growth in production resulting from one more unit of input.
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the labor market.
Marginal Product
The additional output resulting from a one-unit increase in the use of a particular input, holding all other inputs constant.
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