Examlex
Which is an example of elaboration in thinking?
Marginal Benefit
The incremental utility or satisfaction derived from the consumption or production of an additional good or service unit.
Marginal Cost
The increment in comprehensive expenses related to the generation of an extra unit of a good or service.
Total Benefit
The entire satisfaction or value derived from consuming a good or service.
Optimal Quantity
The quantity of production that maximizes a firm's profit or minimizes its costs under certain conditions.
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