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At 47 units of labor, a firm finds that average product of labor equals 39.6 and marginal product of labor equals 32.9.We can conclude that the average product curve at 47 units of labor is:
Average Rate of Return
A profitability gauge for investments, determined by dividing the initial investment cost into the average yearly profit.
Present Value Factor
A factor used to calculate the present value of a cash flow to be received in the future.
Cash Payback Period
The period of time required for the return on an investment to "repay" the original capital cost of the investment.
Desired Rate
The desired rate often refers to the target interest rate set by central banks, or it could imply the expected return rate on investments by individuals or businesses.
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