Examlex
How did World War I affect African Americans and race relations?
Marginal Cost
The augmentation in total cost triggered by the creation of one further unit of a product or service.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a state of market equilibrium.
Equilibrium Price
The cost at which the amount of a product that buyers want to purchase matches the amount that sellers are willing to supply, creating equilibrium in the market.
Marginal Cost
Marginal cost is the increase in total cost that arises from producing one additional unit of a product or service.
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