Examlex
For ECG studies, the direction of the polarization vector can be determined by only two electrodes.
3-D Printers
Technology that creates three-dimensional objects from digital models by layering materials.
Explicit Costs
The direct payment costs to others in the course of running a business or undertaking an economic transaction.
Implicit Costs
Costs that represent forgone opportunities, often not directly outlaid but incurred when resources are used for one purpose over another.
Marginal Cost
captures the cost added by producing one extra item of a product, emphasizing the concept of economies of scale and efficiency in production.
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