Examlex
It is clear that the father's sperm determines the gender of the child.
Marginal Labor Cost
The additional cost incurred by hiring one more unit of labor or the cost of producing one additional unit of output with an additional unit of labor.
Wage Rate
The standard amount of compensation individuals receive in exchange for their labor or services, typically expressed per hour, day, or piece rate.
Labor Demand
The total amount of workers that employers want and are willing to hire at a given wage rate in a certain period.
Labor Supply
Refers to the total hours that workers are willing and able to work at a given wage rate in an economy.
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