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As a Human Resources representative, Laura must inform Matt that his vacation request for August is not approved. Which of the following should she do?
Diminishing Marginal Returns
The principle that as additional units of a factor of production are added to a fixed amount of other factors, the increase in output will eventually decrease.
Quantity of Capital
The total volume of physical assets, such as machinery and buildings, used in the production of goods and services.
Output Per Worker
The quantity of goods or services produced divided by the number of workers, indicating the productivity level of labor within an economy.
Technology Level
The current state of technological advancement or development within a society or sector.
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