Examlex
An electorate that selects several candidates from a single electoral district is called a __________ district.
Profits
The financial gain calculated as the difference between the revenue earned from sales and the expenses, taxes, and costs incurred in producing those sales.
Short-Run Supply Curve
A graphical representation showing the relationship between the market price of a product and the amount of it that producers are willing to supply in the short term.
Marginal Cost Curve
A graph showing how the cost of producing one more unit of a good varies as the quantity of production increases.
Short Run
in economics, refers to a period during which at least one factor of production is fixed, and firms can adjust only the variable factors.
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