Examlex
Phobos orbits Mars in a prograde orbit with a period less than the rotational period of Mars itself. What consequence follows from this?
Marginal Revenue
The additional income that is gained from selling one more unit of a product or service.
Consumer Surplus
The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.
Profit Maximize
The method through which a company identifies the optimal pricing and production volume to maximize its profits.
Output
Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.
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