Examlex
In nonexperimental research, there is no random assignment nor manipulation of an independent variable.
Short Run
A period in economics where at least one input (such as plant size) is fixed, limiting the ability of a firm to adjust to market changes.
Market Price
The current price at which a good or service can be bought or sold in a given market.
Total Revenue
The total income received by a firm from selling its goods or services before any costs or expenses are subtracted.
Profitable Level
The point at which total revenues exceed total costs, resulting in financial gain for a business or individual.
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