Examlex
| Number of worker (per hour) | total output(per hour) | marginal physical product (output per worker) | total revenue(dollars per hour) | marginal revenue product (dollars per worker) |
| 1 | 4 | ...... | ______ | ........ |
| 2 | 10 | ______ | ______ | ______ |
| 3 | 15 | ______ | ______ | ______ |
| 4 | 19 | ______ | ______ | ______ |
| 5 | 22 | ______ | ______ | ______ |
Indifference Curve
A graph showing different combinations of two goods among which a consumer is indifferent, reflecting preferences for consumption.
Income Effect
How shifts in someone's or an entire economy's income level influence the demand for goods or services.
Indifference Curve
A graph representing different bundles of goods between which a consumer is indifferent, showing the trade-offs in consumption preferences.
Price Change
An adjustment in the price level of goods or services, which can be influenced by factors like supply and demand, inflation, and market competition.
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