Examlex
Goods and services are inputs in an open system.
Average Product
The output per unit of a particular input, such as the quantity of goods produced per worker.
Workers
Individuals employed to perform tasks or services in exchange for compensation.
Average Product
The output produced per unit of input used, calculated by dividing total product by the quantity of input.
Workers
Individuals engaged in any form of physical or intellectual labor, either employed or unemployed.
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