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Elucidate the steps involved in crafting a job description.
Output Level
The total product units produced within a given time frame in a production process or economic system.
Origin
The point or place where something begins, arises, or is derived.
Isoquants
Isoquants are curves that represent combinations of different inputs that yield the same level of output, used in production theory to analyze input choices.
Marginal Rate
The rate of change in a variable (often cost or benefit) as a result of a unit increase in another variable, commonly used in the context of marginal tax rates or marginal cost.
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