Examlex
Explain the differences between "human capital," "financial capital," and "capital."
Price Charge
The amount of money demanded by a seller for a product or service, essentially the cost to the buyer.
Marginal Revenue Curve
A graphical representation that shows how the addition of one more unit of a good or service sold affects the total revenue of a business.
Demand Curve
A graphical representation that shows the relationship between the price of a good and the quantity of that good consumers are willing to buy.
Long-Run Equilibrium
A state in economics where all factors of production and economic variables are in balance, and no external pressures are causing change.
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