Examlex
What is the term for a nontax method of increasing the cost or reducing the volume of imported goods?
MR
Marginal Revenue is the additional income generated from the sale of one more unit of a good or service.
Marginal Cost
The cost of producing one additional unit of a product, which varies depending on the level of production.
Marginal Revenue
The gain in revenue from disposing of one additional unit of a good or service.
Price Elasticity
An indicator of the responsiveness of the quantity of a product demanded to its price change, represented in terms of percentage variation.
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