Examlex
Distinguish between appellate and original jurisdiction? Define each kind of jurisdiction and differentiate between the two.
Marginal Resource Cost
The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.
Input Decrease
A reduction in the amount, quality, or efficiency of any raw material, capital, or labor used in the production process.
Derived Demand
Demand for a factor of production or good that results from the demand for another related good or service.
Substitution Effect
The change in consumption patterns due to a shift in relative prices that makes one product more economically attractive than another.
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