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When a tortfeasor fails to meet a standard of reasonable care appropriate for the circumstances and another is forseeably subjected to an unreasonable risk of harm and is injured as a result, the tortfeasor can be sued by the injured party for _____.
Average Product
The output per unit of a particular input, such as labor or capital.
Substitution Effect
The change in consumption patterns due to a change in relative prices, leading consumers to substitute one good for another.
Wage Increase
An upward adjustment in the salary or earnings paid to an employee.
Utility Maximizing
Acting in a way to achieve the highest level of satisfaction possible with available resources.
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