Examlex
The first two-word sentence appears between 18 and 24 months of age.
Average Product
The output per unit of input, calculated by dividing total product by the quantity of input used in production.
Workers
Individuals who perform services or labor for compensation.
Marginal Product
The extra output generated by adding a single unit of a specific input while keeping all other inputs unchanged.
Price of Capital
the cost of using capital assets for production, often reflected in interest rates or rental charges of capital equipment.
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