Examlex
Planning bills of material are bills of material for "kits" of inexpensive items such as washers,nuts,and bolts.
Total Revenue
The price of a good or service multiplied by the number of units sold.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, factor of production, or input.
Perfect Competition
An industry with so many firms that no one firm has any influence over price, and firms produce an identical product.
Imperfect Competition
All market structures except perfect competition; includes monopoly, oligopoly, and monopolistic competition.
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