Write the Ratio as a Fraction in Lowest Terms

question 42

Short Answer

Write the ratio as a fraction in lowest terms. to

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Definitions:

Labor Productivity

The output per worker, measuring how efficiently labor is used in the production process.

Marginal Revenue Product

Is the additional revenue generated from employing one more unit of a resource, holding all other factors constant.

Fertilizer

A substance, either natural or synthesized, introduced to soil or terrain to boost its fertility and promote the growth of plants.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at different prices.