Examlex
Two of the four components of Comprehensive Emergency Management are:
Peak Efficiency
The point at which an operation is performing at its maximum effectiveness without wasting resources.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Marginal Revenue
The additional revenue that a firm earns by selling one more unit of a good or service.
Perfectly Elastic
A situation in economics where the quantity demanded or supplied changes infinitely with any change in price.
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