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The impact of sensory stimulation, information, and interpersonal contact typical of city life is called
Wage Rate
The amount of money paid to an employee per unit of time or for each unit of output produced.
Demand Schedule
A table or graph that shows the quantity of a good or service that consumers wish to buy at each price level.
Marginal Product
The additional output that is generated by employing one more unit of a specific factor of production, keeping other inputs constant.
Marginal Revenue Product
The additional revenue generated from using one more unit of a factor of production, holding other factors constant.
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