Examlex
The defendant's right to a trial by a jury of his or her peers is absolute.
Short Run
A time frame in economics during which at least one input is fixed, limiting the ability of businesses to adjust production levels quickly.
Marginal Cost
The swell in cumulative expenditure due to the manufacture of an additional unit of a product or service.
Total Revenue
Total Revenue refers to the total receipts from sales of goods or services that is calculated by multiplying the price per unit by the number of units sold.
Profits
The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.
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