Examlex
Why do some people reject the notion that biological theories should not be studied? Why are they necessary to study?
Marginal Cost
The price of manufacturing an additional unit of a product or service.
Market Demand
The overall amount of a product or service all buyers in a market can and want to buy at different price levels.
Market Output
The total quantity of a good or service produced and offered for sale in a market.
Long-Run Equilibrium
The state in which all inputs and outputs in a market have been adjusted so that there is no tendency for change in economic conditions.
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