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If the Marginal Product of Labor Is ,Then Output Will

question 32

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If the marginal product of labor is ,then output will as labor increases.


Definitions:

Self-Organizing Systems

Systems characterized by a lack of equilibrium typically due to a large influx of new information or significant environmental shifts and are thus in the process of acting on this new information as a process of self-renewal. Self-organizing systems exhibit autocatalysis; that is, the catalysts for change and renewal occur in elements of the system itself as it seeks to renew itself.

Punctuated Meaning

A situation where a sudden event or realization leads to a significant change in understanding or interpretation of a situation or concept.

Adaptivity

The ability to change or be changed in order to fit or work better in some context or for some purpose.

Karl Weick

An influential American organizational theorist known for his work on sensemaking, organizational behavior, and the process of organizing.

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