Examlex
Tory has received applied behavior analysis ABA) since the age of 2.Given what you know about ABA, which would you expect to see after two years of treatment?
Efficiently Allocated
A state where resources are distributed in a manner that maximizes the net benefits to society.
Marginal Revenue
The surplus income generated by a company through the sale of one extra unit of a good or service.
Average Cost
The total cost of production divided by the number of goods produced, synonymous with average total cost, indicating the cost on a per unit basis.
Long-run Equilibrium
A state in which all factors of production are fully adjustable, allowing firms to enter or exit the industry, resulting in no economic profit for firms in perfectly competitive markets.
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