Examlex
An alternative term for business ethics is?
Price Elasticity Of Demand
A measure in economics indicating how the quantity demanded of a good changes in response to a change in its price.
Marginal Cost
The increase in total cost that arises from an increase in the production of one additional unit of a good or service.
Profit-Maximizing Seller
A seller who adjusts prices and production levels to achieve the highest possible profit from their goods or services.
Short-Run Marginal Costs
The increase in total cost that arises from producing one additional unit of output when some inputs are considered fixed in the short term.
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