Examlex
Formal agents of socialization usually have official or legal responsibility for instructing individuals.
Employ More Capital
The process of investing additional funds or resources into a business to increase its capacity or efficiency.
Marginal Product
The boost in production resulting from one more unit of input.
Total Product Curve
A graphical representation showing how the total quantity of output produced by a firm varies with the quantity of a variable input, keeping all other inputs constant.
Average Product
The output per unit of input, such as the quantity of goods produced per unit of labor.
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