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Figure: The Value of the Marginal Product Curve
-(Figure: The Value of the Marginal Product Curve) In the figure The Value of the Marginal Product Curve, if the market wage rate increases:
Undue Influence
An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.
Misrepresentation
A false statement of fact made by one party to another, which has the effect of inducing that party into a contract.
Rejection
The refusal to accept an offer or proposal, in the context of contracts, it is the refusal to agree to the terms.
Valid
A term applied to a contract that includes all four elements of a contract: agreement (offer and acceptance), consideration, contractual capacity, and legal object.
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