Examlex
Which of the following is also known as the back-end ratio?
Equilibrium
A balance between market demand and supply, resulting in steady prices.
Factor's Price
Refers to the price of inputs used in the production of goods or services, such as labor, raw materials, and capital.
Total Cost
The complete expenditure incurred by a firm in the production of goods or services, including both fixed and variable costs.
Product Demand
The desire and willingness of consumers to purchase a specific quantity of a good or service at a given price.
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