Examlex
The requirements of the form you're validating determine the kind of logic you need to incorporate into a custom validation program. However, a few types of validation functions are particularly common. Name two.
Perfectly Elastic
A situation where the quantity demanded or supplied changes infinitely in response to any change in price.
Marginal Expenditure Curve
A graphical representation that shows the change in total expenditure incurred by purchasing one additional unit of a good or service.
Economic Rent
Amount that firms are willing to pay for an input less the minimum amount necessary to obtain it.
Factor Of Production
Resources used in the creation of goods and services, typically categorized into land, labor, capital, and sometimes entrepreneurship.
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