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Simplify by rationalizing the denominator.
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Opportunity Cost
The cost of foregone alternatives, the value of the best alternative given up when a decision is made.
Wage Increases
Adjustments made to the salary of employees, typically to account for inflation, performance, or changes in the cost of living.
Leisure
Free time available to an individual excluding time spent on work, domestic activities, and essential needs.
Labor Market
The supply of available workers in relation to available work, influenced by factors such as wages, demand, and employment laws.
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