Examlex
Tam is good at drawing conclusions from given information. Thus, Tam is good at ________ reasoning.
Average Product
The output per unit of input, calculated by dividing total product by the quantity of input.
Labor
The physical and mental effort used in the production of goods and services.
Marginal Product
The increase in output that arises from an additional unit of input.
Nonlabor Resources
Resources used in the production process that do not involve human labor, such as capital, land, and raw materials.
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