Examlex
What is the process of computerizing manual tasks, making them more efficient and effective and dramatically lowering operational costs?
Marginal Cost
The financial outlay required to produce an additional unit of a good or service.
Gasoline
A transparent, petroleum-derived liquid that is used primarily as a fuel in most spark-ignited internal combustion engines.
Car Wash
A facility for cleaning vehicles, typically involving an automated system with brushes and water jets or a manual cleaning by workers.
Marginal Decisions
Decisions made based on the additional benefit or cost of consuming or producing one more unit of a good or service.
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