Examlex
When electrons flow through a conductor in an electric circuit, a(n) ____________________ is created around that conductor.
Average Product
The output per unit of input, such as the average amount of goods produced per labor hour.
Total Product
The total output of goods or services produced by a firm in a given period of time.
Marginal Product
The additional output resulting from using one more unit of a particular input, holding all other inputs constant.
Unit of Labor
A measure of labor input, often referred to as one hour of work by an employee or worker.
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