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The use of estrogen replacement therapy reduces the risk of breast cancer.
Average Product
The output per unit of input, such as the number of goods produced per worker, used to measure productivity efficiency.
Marginal Product
The additional output that is produced by employing one more unit of a factor of production, holding other factors constant.
Total Product
The overall quantity of output that a firm produces, typically over a specific period, given a certain level of input.
Marginal Product
The additional output that is produced by using one more unit of a particular input, assuming all other inputs remain constant.
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