Examlex
What is another term for equilibrium price?
Cost
The monetary value spent to produce or obtain goods and services, including manufacturing, material, labor, and overhead costs.
Units
Basic quantities or measures adopted to quantify and measure goods, services, or any other items.
Production Function
A mathematical representation that explains how inputs in production are related to the goods or services produced.
Proportions
Ratios or fractions that express the relationship of one part to another or to the whole with respect to quantity, size, or amount.
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