Examlex
Define each of the following mental shortcuts and explain why each may be inaccurate: (1)the availability heuristic,(2)the representativeness heuristic,and (3)the judgmental heuristic.
Demand Schedule
A table or graph that displays the quantity of a good or service demanded at various prices.
Total Revenue
The aggregate revenue a corporation generates from the sale of goods or provision of services in a designated period.
Marginal Revenue
The extra revenue obtained by selling an additional unit of a product or service.
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