Examlex
Repetition of a task generally results in a reduction of labor hours each successive time a worker performs that task.
Marginal Product
The additional output that is gained by employing one more unit of a particular input, holding all other inputs constant.
Total Output
The quantity of goods and services produced by a firm or economy over a specific period.
Labor Employment
The act of engaging individuals to perform tasks for wages or salary.
Change in Output
This refers to the variation in the quantity of goods or services produced by a company or economy over a certain period.
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