Examlex
What are coaxial cables? How are they used?
Pure Rent
The return to any factor of production that is in fixed supply.
Fixed Supply
A condition where the quantity of a particular good, service, or resource does not change, regardless of the price.
MRP
Marginal Revenue Product, which refers to the additional revenue generated from employing one more unit of a resource.
Perfectly Elastic
A situation in which the demand or supply for a good or service is infinitely responsive to changes in price.
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