Examlex
According to the theory of island biogeography,how would the number of species found on a small island far from mainland compare to a larger island or a similar sized island that is closer to mainland?
Average Product
The output per unit of input, such as labor or capital, used in production; a measure of productivity.
Workers
Individuals engaged in any form of work, whether in formal employment, self-employment, or voluntary activities, contributing labor to an economy.
Marginal Product
The increase in output that results from employing one more unit of a specific input, keeping all other inputs constant.
Total Product
The total output of goods and services produced by a firm during a specific period of time.
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