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What were the two different types of australopithecines?
Labor
The human effort, both physical and mental, employed in the production of goods and services.
Value of Marginal Product
The increment in revenue a firm realizes from employing one additional unit of input, holding all other factors constant.
Output
The quantity of goods or services produced by a company, sector, or economy.
Diminishing Marginal Product
A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.
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