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Growth hormone does not directly affect bone growth, but instead stimulates the release of somatomedins from the liver, which in turn promote bone growth.
Hourly Wage
The rate of pay employees receive for one hour of work, an important indicator of labor costs and worker compensation in an economy.
Marginal Resource Cost
The change in total cost that comes from producing one additional unit of a good or service.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor of production.
Marginal Revenue Product
The additional revenue a firm generates by employing one more unit of input, such as labor or capital.
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