Examlex
Systems are being developed that leverage big data streams from multiple sources to refine and enhance the performance of current systems.
Tax Rate
The percentage at which an individual or corporation is taxed.
Optimal Output
The level of production that maximizes a firm's profit while minimizing its costs, given a particular set of market conditions.
Robotics Industry
A sector focused on the development, production, and application of robots for various uses, including manufacturing, healthcare, and services.
Long-run Cost Function
A representation of the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.
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