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Dilation and effacement refer to
Invention And Innovation
Invention refers to the creation of new ideas, goods, or services, while innovation involves improving or implementing new ideas into existing products or processes.
Demand Schedule
A table that lists the quantity of a good or service that consumers are willing and able to purchase at various prices.
Marginal Cost
The cost upsurge due to the production of one extra unit of a product or service.
Marginal Revenue
The supplementary income generated through the sale of an additional unit of a good or service.
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