Examlex
Diminishing marginal returns refers to a situation where the ________ of an additional worker is less than the ________ of the previous worker.
Workers
Individuals engaged in physical or mental labor, especially those employed in various sectors of an economy to perform jobs for wages.
Formal Agreement
A legally binding contract or arrangement between two or more parties, often documented in writing.
Agency Relationship
An arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.
Courts
Institutions designated to administer justice by interpreting laws, resolving disputes, and deciding on legal cases.
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