Examlex
Which of the following is true of Israeli military conscription?
Marginal Cost
The expense incurred from manufacturing an extra unit of a good or service.
Profit Increase
The rise in the difference between a company's revenue and its expenses.
Long Run
A period in which all factors of production and costs are variable, allowing firms to adjust to market changes fully.
Marginal Cost
The expense associated with manufacturing an extra single unit of a product or service.
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