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A guarantor is secondarily liable on an obligation.
Average Product
The output per unit of input, such as the quantity of goods produced per worker.
Law Of Diminishing Returns
The principle that as successive increments of a variable resource are added to a fixed resource, the marginal product of the variable resource will eventually decrease.
Resource Inputs
The basic materials and components required in the production process to create goods or services.
Product Outputs
Product outputs refer to the goods or services produced as a result of manufacturing processes or business activities.
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