Examlex
Price cannot fall so low that some sellers choose to supply a quantity of zero.
Marginal Costs
The increase in cost resulting from the manufacture of one plus unit of a good or service.
Fixed Costs
Costs that do not change with the level of output, remaining constant regardless of the scale of production or services provided.
Marginal Revenue
The additional income from selling one more unit of a good; sometimes equal to the price of the good.
Total Fixed Costs
The sum of all costs that remain constant regardless of the level of production or output in a business.
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