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Provide an appropriate response.
-Explain what is meant by partial payment. Why would a company accept a partial payment? Why would a customer make a partial payment?
Long Run
A period in economics sufficient for all markets to adjust, including production, labor, and capital.
Marginal Revenue
The additional income received from selling one more unit of a product.
Output
The total amount of goods and services produced by an economic system over a specific period.
Price
The sum of money anticipated, needed, or provided as payment for an item.
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