Examlex
Japan has a fairly high saving rate and the level of saving in Japan is above domestic investment.Use the saving and investment equation to explain what Japan is doing with this excess of saving above domestic investment.
Marginal Revenue
The increase in revenue a business gets from the sale of an extra unit of a product or service.
Marginal Cost
The incremental cost of producing an additional unit of a product or service.
Perfectly Competitive
A market structure characterized by many small buyers and sellers, identical products, and no barriers to entry or exit.
Profit Maximizing
The strategy or technique of optimizing production and pricing for the utmost profit.
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