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Lisa is an excellent student who always studies hard and has a good grasp of the concepts taught during her mathematics classes.However,Lisa is also aware that there is a stereotype associated with females being poor at mathematics.As such,she always gets very nervous whenever she is asked to answer a question in class.This is an example of
Marginal Cost
The additional expenditure involved in making one more unit of a product or service.
Retail Price
The total cost at which a product or service is sold to the end consumer, including any markups by retailers.
Price Elasticities
Measures the responsiveness of demand or supply of goods and services to changes in their prices.
Marginal Cost
The expenditure required to create one more unit of a product or service.
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