Examlex
A contract is a business's basic protection in a commercial transaction.
Marginal Cost
The additional cost incurred by producing one more unit of a product.
Total Revenue
The overall amount of money generated by a company from its sales of goods or services, before any expenses are subtracted.
Total Output
The total amount of goods and services produced by an economy or firm.
Marginal Product
The extra production achieved by the utilization of an additional unit of a specific input while keeping all other inputs unchanged.
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