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Upon what variables is the magnitude of friction dependent?
Labor Hours
The total hours of work provided by employees or workers within a specific timeframe.
Marginal Rate
The rate of change of a variable as another variable changes, typically used in the context of taxes, substitution, or transformation rates.
Technical Substitution
The process of replacing one technique or technology with another that is more efficient or cost-effective.
Marginal Products
The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.
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