Examlex
Making a decision to perform a prosocial act on the basis of expecting material reward ia:
Substitutability
The degree to which one good or service can be replaced by another in consumption, affecting consumer choices and market competition.
Total Cost
The sum of fixed and variable costs incurred by a business in producing a certain level of output.
Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating sensitivity.
Marginal Product
The increase in output that results from adding one more unit of a specific input, while keeping other inputs constant.
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