Examlex
How has computer technology dramatically changed data collection in recent years? Give specific examples of the new uses of computer technologies and their role in data collection.
Total Revenue Curve
A graphical representation that shows how total revenue changes as the quantity sold of a good or service changes, holding all other factors constant.
Marginal Revenue
The increase in revenue that results from the sale of one additional unit of output.
Price Elasticity
A gauge for assessing how changes in price affect the supply or demand volumes of a product.
Demand Curve
A visual chart that illustrates the connection between a product's price and how much of it consumers want to buy.
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