Examlex
Which of the following terms refers to a practice of allowing the addition of new employees and jobs to existing bargaining units provided their work satisfies the same criteria of the original unit?
Workers
Individuals engaged in any form of economic activity or employment, contributing labor for the production of goods and services.
Marginal Product
The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.
Total Product
The total quantity of output produced by a firm or economy with a given amount of inputs.
Diminishing Returns
An economic principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.
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