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Subsidy
A financial contribution or support given by a government or institution to lower the price of a good or service, often intended to encourage production or consumption, reduce costs, or support industries.
Cost Schedule
A detailed listing showing the various quantities of a good or service and the associated costs of producing them.
Marginal Revenue
The increase in revenue resulting from the sale of one additional unit of a product.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product or service, a crucial concept in economics for optimizing production levels.
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