Examlex
________ is the origin and/or destination of data.
Output
The amount of products or services produced by a company, industry, or economy in a specified period.
Labor Demand Curve
A graphical representation showing the relationship between the wage rate and the quantity of labor employers are willing to hire.
Diminishing Returns
A principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
Imperfectly Competitive
A market structure characterized by many producers that have some control over the prices they charge, but where no single firm dominates the market.
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