Examlex
Appellate court judges make a decision on whether a case should be:
Marginal Private Cost
The additional cost borne by a producer for producing one extra unit of a good or service.
Marginal Cost Curve
A graphical representation showing the increase in total cost that arises from producing one additional unit of a good or service.
Industry Supply
The total quantity of a good or service that all producers in a market are willing and able to sell at various prices.
External Benefits
Positive effects of a production or consumption activity on individuals or society who are not directly involved in the transaction.
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