Examlex
Which one of the following is NOT one of the six principles for effective teaching?
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product.
Output
The quantity of goods or services produced in a given time period by a firm, industry, or country.
Economic Profit
The divergence between aggregate income and total outlays, inclusive of both tangible and intangible expenses.
Purely Competitive Seller
A seller operating in a market where there are many buyers and sellers and the products are virtually identical, leading to no individual control over prices.
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