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Rationalize the denominator in the following expression.
Equilibrium Wage
The pay rate where the amount of labor available matches the amount of work needed.
Production Workers
Individuals directly involved in the manufacturing or creation of a product, working on the production line or within the production area.
Labor Demand
The sum of employees that businesses are ready and capable of employing at a specific pay rate during a given timeframe.
Marginal Product
The additional output that results from using one more unit of a particular input, holding all other inputs constant.
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