Examlex
Is the following a physical causal explanation or behavioral causal explanation? "The reason she thinks Michel is a great singer is because she's tone-deaf."
Short Run
A period in economics during which some resource inputs in a production process cannot be changed.
Profit-Maximizing
The process of adjusting production and pricing strategies to achieve the highest possible profit from business operations.
Marginal Revenue
The additional income produced from selling one more unit of a good or service.
Economic Profit
The difference between the total revenue generated by a business and its total costs, including both explicit and implicit costs.
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