Examlex
RAM is ____________________,which means that it requires electrical power to hold data.
Marginal Expenditure
The additional cost incurred from producing or purchasing one more unit of a good or service.
Average Expenditure
The average amount of money spent per unit of time, often calculated for goods, services, or a combination of both by consumers or businesses.
Monopsonist
A market condition where there is only one buyer for a product or service, giving the buyer significant power over prices.
Competitive Buyer
A buyer in a market where numerous purchasers compete to acquire goods or services, often leading to more favorable prices.
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