Examlex
Write the series with summation notation.
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Labor
Human effort, both physical and mental, used in the production of goods and services.
Output
The total amount of goods or services produced by a firm, an industry, or an economy, often measured within a specific time period.
Production Function
An equation or graph that indicates the maximum output that a firm can produce with a given set of inputs, such as labor and capital, under current technology.
Production Function
A mathematical relationship expressing the maximum output that can be produced from a given set of inputs.
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