Examlex
State minimum wage amounts must be set at the same rate as the federal minimum wage rate.
Marginal Cost
Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.
Standby Passenger
A traveler awaiting a seat on a flight or mode of transportation, typically without a reservation for a specific departure.
200-seat Plane
An aircraft designed to accommodate approximately 200 passengers, often used for commercial air travel.
Specialization
The practice of focusing on a narrow area of expertise to improve efficiency and productivity in production or performance.
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