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A Good Rule of Thumb Is to Find About ________

question 1

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A good rule of thumb is to find about ________ job candidates for each open position in the organization.


Definitions:

Optimal Labor Employment

The most efficient and effective level of staffing for a business or organization to maximize productivity and minimize costs.

Minimum Wage

The lowest legal salary that employers can pay their employees, often set by government laws.

Marginal Product

The additional output that is produced by using one more unit of a specific input, keeping other inputs constant.

Level of Employment

The total number of people currently employed in the economy, either full-time or part-time.

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