Examlex
Which of the following statements describes when the median is a better measure of centre than the mean?
Inputs
Resources such as labor, materials, and capital that are used in the production process to create goods and services.
Output
The total amount of goods or services produced by an individual, firm, or country over a specific period.
Marginal Product
The additional output that is produced by using one more unit of a particular input, while keeping other inputs constant.
Worker
An individual who performs labour for a company or another person in exchange for compensation.
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