Examlex
To ensure that expatriates do not lose out through their overseas assignment, the going-rate approach is often used to equalize the standard of living between the host country and the home country.
Long-run Equilibrium
The state in which, over time, supply and demand are balanced, and all adjustments to economic conditions have been made, resulting in stable prices and outputs.
Marginal Cost
The hike in expense for producing another unit of a product or service.
Marginal Revenue
The extra revenue a company earns by selling an additional unit of a product or service.
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