Examlex
How many sexual assaults were reported in a 2020 Department of Defense report and what percent change did this reflect from the year before?
Production Possibilities Curve
A graph that shows the maximum number of possible units a company can produce if it only produces two types of goods given a fixed amount of resources.
Marginal Costs
The extra financial burden of manufacturing another unit of a product or service.
Marginal Benefits
The improvement in benefit or utility realized by consuming or producing one more unit of a good or service.
Least-Cost Production
An economic principle where firms seek to produce their output at the minimum possible cost to maximize efficiency and profitability.
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