Examlex
Translate the phrase into an algebraic expression. The result of increasing the product of a number x and by 5
Marginal Expenditure
The increase in cost that arises when buying an added unit of a product or service.
Average Expenditure
The average amount spent per unit of a good or service.
Competitive Buyer
An individual or entity that purchases goods or services in a market where there is competition, aiming to obtain the best possible price and quality.
Marginal Expenditure
The additional cost incurred from producing or purchasing one more unit of a good or service.
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