Examlex
Which of the following are included in lighting terminology?
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Leisure Time
Time available for ease and relaxation, where no work-related duties are expected, allowing for personal preferences in activities.
Marginal Productivity
The additional output resulting from the use of one more unit of a factor of production, holding other factors constant.
Labor-saving
Technologies or methods that decrease the amount of work required to produce goods or services, often leading to increased efficiency.
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