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If goods A and B are perfect substitutes, then the marginal rate of substitution of good A for good B is constant.
Vertical Analysis
A financial analysis method that lists each line item in a single period financial statement as a percentage of a base line figure.
Operating Expenses
The day-to-day costs involved in running a business, excluding the cost of goods sold.
Net Sales
Sales revenue minus returns, allowances, and discounts.
Cost Of Goods Sold
The direct costs attributable to the production of goods sold by a company, including material and labor costs.
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