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Normal Good
A good for which demand increases as the income of the individual increases, showing a direct relationship between income and demand.
Auto Workers
Employees in the automotive industry who are involved in the manufacturing, designing, and maintenance of vehicles.
Marginal Revenue Product
The supplementary revenue created by the addition of one unit of a production input.
Product Price
The amount of money charged for a product or service, determined by cost, demand, and supply factors.
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