Examlex
Higher level supervisory positions,such as office manager,are considered highly stressful,while lower level positions,such as secretary,are not.
Long Run
That period of time for which there are no fixed factors of production: Firms can increase or decrease the scale of operation, and new firms can enter and/or existing firms can exit the industry.
Profit-Maximizing
The process or strategy of adjusting production and sale operations to achieve the highest possible profit.
MR
Marginal Revenue, the additional income generated from selling one more unit of a good or service.
Units
Basic quantities or measurements, such as meters, seconds, or kilograms, used to express variables.
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