Examlex
The upward force exerted by a fluid on an object immersed in it is called __________.
Substitution Effect
The change in consumption resulting from a change in price, causing consumers to substitute cheaper goods for more expensive ones.
Wage
Monetary compensation paid by an employer to an employee in exchange for work performed, typically calculated on an hourly, daily, or piecework basis.
Leisure
Time spent away from work and essential domestic activities, often used for relaxation, hobbies, and personal enjoyment.
Marginal Revenue Product Curve
A graphical representation that shows the additional revenue generated from deploying one more unit of a specific resource or input, holding all other factors constant.
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