A _________ Value Is Named After the Miner's Bird Used

question 42

Short Answer

A _________ value is named after the miner's bird used to detect poisonous air in a mine and warn miners in time for them to escape.

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Definitions:

Factor Demand Curve

Graphical representation showing the quantity of a factor of production demanded at different prices for that factor.

Good Produces

The output or products manufactured or produced by a business, industry, or economy.

VMPL

The Value of Marginal Product of Labor, which represents the additional value created by employing one more unit of labor, assuming other factors remain constant.

Wage Rate

The amount of compensation a worker receives per unit of time or output.