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The drafted the Convention on Contracts for the International Sale of Goods.
Marginal Revenue Product
The extra revenue generated from employing one additional unit of a resource.
Marginal Cost
The additional cost incurred by producing one more unit of a product, which can vary depending on the level of production.
Pareto Efficient
A distribution of resources where improving the situation of one person cannot be achieved without detriment to another.
Net Benefit
The total positive effects or outcomes of a decision or action minus its total negative effects or costs.
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