Examlex
Compare and contrast pluralist, elite, and power resource theories.
Last Dollar Spent
The concept referring to the allocation of the final unit of currency in an economic decision-making process.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, measuring the extent to which a company exceeds its break-even point.
Last Dollar Spent
A concept in consumer choice theory that refers to the allocation of the last unit of currency by a consumer to optimize utility.
q/L
A formula representing the productivity of labor, where 'q' is total output and 'L' is the total quantity of labor.
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