Examlex
In PPALM, what does the L stand for?
Marginal Revenue
The additional income received from selling one more unit of a good or service; it's a critical concept in determining optimal output level.
Prices
The cost in terms of money expected, required, or given for acquiring something.
Marginal Revenue
The extra revenue a company earns by selling an additional unit of a product or service.
Prices
The cash amount one needs to spend to obtain a good, service, or asset.
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