Examlex
What is the meaning of the terms keiretsu and sogo sosha?
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good varies as the production quantity changes.
Profit-maximizing
The process or goal of increasing a firm's profits to the highest possible level by adjusting output and pricing strategies.
Marginal Revenue Product
Additional income derived from the employment of an extra production factor.
Diminishing Marginal Returns
A principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.
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