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For the past 60 years, _____ have been applied to structured tasks such as record keeping, simple clerical operations, and inventory control.
Average Product
The total output produced by a firm divided by the number of inputs used to produce that output.
Nonlabor Resources
Assets or inputs used in production that are not human labor, such as land, buildings, machinery, and raw materials.
Average Product
An economic measure of the output per unit of input, such as labor or capital.
Total Product
The overall quantity of output that a firm produces, typically within a specific time period, given a certain amount of inputs.
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