Examlex
An instrument payable at a definite time is time paper.
Marginal Cost
The incremental cost of producing an additional unit of a good or service.
Marginal Revenue
The additional revenue gained from selling one more unit of a product or service.
Downward-Sloping Demand
Describes a market phenomenon where a product's demand decreases as its price increases, according to the law of demand.
Price
The expenditure involved in buying a good or service.
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