Examlex
Which of the following types of businesses is least likely to be a not-for-profit corporation?
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, leading to a balance in the market.
Allocative Efficiency
A state of the economy where resources are distributed in a way that maximizes the net benefit to society, with goods and services going to those who value them the most.
Marginal Cost
The incremental cost incurred when producing one more unit of a good or service. This is a different phrasing for the concept given previously.
Marginal Benefit
The additional satisfaction or utility gained by consuming an extra unit of a good or service, a reiteration with different phrasing.
Q6: Since NAFTA,U.S.trade with Latin American countries has
Q21: Which type of union represents union members
Q24: The U.S.imports more services than it exports
Q28: An understanding of religious holidays is essential
Q46: In order to control the rising price
Q51: The Small Business Administration provides incentives for
Q64: Which of the following is NOT a
Q88: Codes of conduct are playing an increasingly
Q124: Corporate culture often changes to meet new
Q130: If the price of an imported product