Examlex
Suppose a hurricane causes extensive devastation, destroying houses, roads, schools and factories. What would be the effect of this hurricane on a production possibilities frontier consisting of consumption goods and capital goods?
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and contribute to profit.
Net Profit
The amount of money remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.
Goal Seek Analysis
A function in spreadsheet software that finds the input value needed to achieve a specified goal.
Inputs
Resources, materials, or information that are used in the production process to create goods or services.
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