Examlex
Matching
-The figure derived from multiplying the number of hours that an attorney reasonably expended by a reasonable hourly rate.
Total Market Output
The total quantity of goods or services produced and offered for sale within a market by all firms.
Downward Sloping
A graphical representation indicating that one variable decreases as another increases, commonly used to describe demand curves in economics.
ATC Curves
Short for Average Total Cost curves, these are graphical representations showing how the average cost of production per unit changes with the level of output.
Industry Expands
Refers to the growth in size or scope of a particular sector of the economy, characterized by increased output, employment, or number of businesses.
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