Examlex
An advantage to viewing the AMLCD screen is that the image quality is equally good viewed from any angle.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Marginal Revenue
The additional revenue that a firm earns by selling one more unit of a good or service.
Perfectly Elastic
A situation in economics where the quantity demanded or supplied changes infinitely with any change in price.
Perfect Mobility
An economic condition where factors of production such as labor and capital can be easily moved across industries or geographies without costs or barriers.
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