Examlex
Draw the structure of poly(acrylonitrile).
Marginal Benefit
The heightened satisfaction or usefulness derived from the consumption of an extra unit of a good or service.
Marginal Cost
The cost added by producing one extra item of a product. It's a critical concept in economics for determining the optimum production level.
Supply-Side Market Failures
Overallocations of resources that occur when private supply curves understate the full cost of producing a good or service.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.
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