Examlex
Running at 9 mph expends 0.103 kcalories per pound per minute. About how many kcalories will a 120-pound woman expend during a 30-minute run?
Marginal Cost
The expense incurred by producing one additional unit of a product.
Average Variable Cost
The total variable cost of production divided by the quantity of output produced, reflecting the average cost of each unit of output on variable factors.
Exclusive Right
A legal entitlement granting someone the sole authority to engage in a certain activity or use a specific property.
Profit
The financial gain obtained when the total revenues generated from selling goods or services exceed the total costs and expenses to produce them.
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