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Output Per Hour
A measure of productivity calculated by dividing the total output of goods and services by the total hours worked.
Marginal Productivity
The additional output that is produced by adding one more unit of a particular input while holding all other inputs constant.
Complements In Production
Goods that are produced together or their production levels are directly linked; an increase in the production of one leads to an increase in the production of the other.
Substitute Resources
Alternative inputs or resources that can be used in place of another in the production process.
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