Examlex
A sociological study conducted at the University of California at Berkley compared immigrants coming to Canada with those of similar backgrounds coming to the United States.The study found that immigrants to Canada are more quickly able to feel "Canadian," despite being allowed and encouraged to retain their ethnic identity, than immigrants to the United States are able to feel "American." What did the researchers conclude was the reason for this?
Price Effect
The impact on the market when there is a change in the price of goods or services, influencing the supply and demand.
Output Effect
The change in total revenue resulting from the production of additional units of output in a competitive market.
Jointly Maximize
A strategy or action designed to optimize two or more objectives or outcomes at the same time.
Marginal Cost
The cost added by producing one extra unit of a product or service.
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