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The balance of payments consists of the
Marginal Cost
The additional expenditure required to produce one more unit of a product or service.
Marginal Revenue Curve
A graphical representation showing how marginal revenue varies with changes in the quantity of goods or services sold.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.
MR (Marginal Revenue)
The increase in revenue that results from selling one additional unit of a product or service.
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