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Write a chain rule formula for the following derivative.
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Proprietorships
Business entities that are owned and operated by a single individual, with no legal distinction between the owner and the business.
Labor Supply
The collective amount of time employees are prepared and capable of working for a specified pay rate, during a certain timeframe.
Perfectly Elastic
A situation in which any small change in price leads to an infinite change in quantity demanded or supplied.
Payroll Tax
Charges instituted on both employers and workers, typically a percentage of the employment remunerations.
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