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In a _____, the entire parole board or a subcommittee reviews information, meets an offender, and hears testimony from relevant witnesses to determine whether to give parole.
Marginal Resource Cost
The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.
Input Decrease
A reduction in the amount, quality, or efficiency of any raw material, capital, or labor used in the production process.
Derived Demand
Demand for a factor of production or good that results from the demand for another related good or service.
Substitution Effect
The change in consumption patterns due to a shift in relative prices that makes one product more economically attractive than another.
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