Examlex
Why does the emergence of agriculture and the understanding of how it unfolded over time matter to us today? It's too late to go back-most of us would not even begin to understand how to shift into a hunter-gatherer lifestyle, even if it meant we'd be able to work fewer hours! How then does research into early plant domestication and pastoralism matter in how we live our lives today?
Total Revenue
The overall amount of money generated by a firm from its sales activities before any costs or expenses are deducted.
Unit Price
The cost per unit of quantity of a product, which allows for easy comparison of cost efficiency between different products or services.
Demand Elastic
Refers to how sensitive the quantity demanded of a good is to a change in its price.
Demand Schedule
A chart displaying the amount of a product or service buyers are prepared and capable of buying at different price levels.
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