Examlex
What are LTFT and STFT?
Labor
The human effort, both physical and mental, used in the production of goods and services.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.
Yards Raked
Refers to the number of yards that have been cleared of leaves or debris, typically a measure of work done in landscaping or garden maintenance.
Marginal Product
The additional output a firm gains from employing one additional unit of a factor, such as labor or capital, holding other factors constant.
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