Examlex
Zhang is attempting to alter the behavior of his son by controlling the consequences of his son's actions. Zhang is practicing
Profit-maximizing
The process or strategy of adjusting production and sales to achieve the highest possible profit under given market conditions.
Product Price
The monetary cost consumers are required to pay to acquire a good or service.
Market Wage Rate
The prevailing rate of pay for a particular job in a specific market or geographical area.
Employ
To hire or use the services of someone or something for a particular purpose or job.
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