Examlex
Anything of value owned by a person or a firm is
Units of Output
The quantity of goods or services produced by a company, industry, or economy within a specific period.
Marginal Revenues
The extra earnings accrued by selling an additional unit of a good or service.
Purely Competitive Firm
A company operating in a market with many buyers and sellers, where no single entity can influence the price of its product.
Total Revenues
The overall revenue a business secures from its goods or service transactions, before removing any spending.
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