Examlex
Which of the following statements is an explanation, not an observation?
Circulation Numbers
Refers to the number of units (such as newspapers or magazines) distributed to the public within a specified time frame.
Marginal Product
The Marginal Product is the additional output that is produced by employing one more unit of a factor of production, holding other factors constant.
Labor
Any mental or physical exertion on the part of a human being that is used in the production of a good or service. One of the four economic resources.
Output
In economic terms, this signifies total products or services that have been manufactured or provided by a company in a particular period, acting as a measure of productivity.
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