Examlex
A company should never accept an order for its product at less than its regular sales price.
Rational Decisions
Choices made by individuals that align with their own self-interest and are based on an evaluation of the costs and benefits of the action.
Marginal Costs
The extra financial burden of generating one additional unit of a good or service.
Marginal Benefits
The incremental satisfaction or advantage obtained from the consumption of an additional unit of a good or service.
Marginal Cost
Marginal cost is the increase in total production cost that arises from producing one additional unit of a good or service.
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