Examlex
Which state's health care reform package served as a model for the Affordable Care Act (ACA) ?
Marginal Costs
The supplementary cost involved in the production of one more unit of a product or service.
Production Possibilities Curve
A graph that shows the maximum number of possible units of two commodities that a economy can produce with available resources and technology.
Marginal Benefit
The incremental gain in happiness or usefulness obtained through consuming an extra unit of a good or service.
Marginal Cost
Marginal cost is the cost incurred by producing one additional unit of a product or service, emphasizing the concept of variable costing.
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