Examlex
The original stated purpose of the Annapolis Convention in September 1786 was
Additional Costs
Expenses that are not initially accounted for in the budget or pricing but arise during the execution of a project or the production of goods.
Marginal Analysis
Marginal analysis refers to the examination of the benefits and costs of a small (marginal) change in the production, consumption, or allocation of resources.
Ceteris Paribus
A principle in economics that states other conditions remain constant while one variable changes.
Marginal Benefit
The additional satisfaction or value gained from consuming or producing one more unit of a good or service.
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