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If 11 workers can produce 53 units of output while 12 workers can produce 56 units of output, what is the marginal product of the 12th worker?
Critical Thinker
An individual who actively engages in analysis, synthesis, and evaluation of information gathered from observation, experience, or communication.
Common Sense
Practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner that is shared by (common to) nearly all people.
Oversimplification
The reduction of a complex issue or idea to simplistic terms, often ignoring nuances and complexities.
Argument By Anecdote
A logical fallacy where a general conclusion is drawn from a few personal stories or isolated instances rather than from systematic analysis.
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