Examlex
Use the definition f'(x) = to find the derivative at x.
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Opportunity Cost
The expense incurred from not choosing the next most favorable alternative during decision-making.
Production Possibilities Curves
A graphical representation that shows the maximum attainable combinations of two goods that can be produced with available resources.
Labor Forces
The total number of people aged 16 and over who are either working or actively looking for work.
Wages
Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.
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