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Derived Demand
The demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.
Marginal Productivity
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
Resource Price
The cost associated with acquiring resources or inputs needed for production, such as raw materials, labor, and capital.
Anaconda Smelting Company
A historical company involved in the process of melting and refining metal ore to separate it from its impurities.
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