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When Does Instinctive Drift Occur

question 23

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When does instinctive drift occur?


Definitions:

Marginal Product

Marginal product refers to the additional output resulting from using one more unit of a production input, such as labor or capital, holding other inputs constant.

Average Product

The output per unit of input, calculated by dividing total output by the total quantity of inputs.

Labor

The effort by humans to produce goods or services in exchange for wages or other compensation.

Marginal Product

The additional output produced by using one more unit of a production input, holding all other inputs constant.

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