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If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, then the average product of 12 workers is
Athletic Shoes
Footwear designed specifically for sports or other forms of physical exercise.
Risk-Free Rate
The theoretical rate of return on an investment with no risk of financial loss, typically associated with government bonds.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
Initial Cost
The amount of money spent to acquire or invest in an asset at the beginning of its life.
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