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The conversion of solar energy into chemical energy occurs in
Agents
Entities or individuals that act on behalf of others in economic models, making decisions and taking actions to achieve desired outcomes.
Marginal Products
The additional output that results from the use of an additional unit of a productive input, holding other inputs constant.
Pooling Equilibrium
A situation in a signaling game where different types cannot be distinguished by the actions they take, leading everyone to pool together and behave identically.
Low-productivity Workers
Employees who generate less output per unit of input compared to others, often leading to less efficiency within an organization.
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