Examlex
Classifications based on age and sex are examples of "suspect classifications" in the context of the Equal Protection Clause of the Constitution.
Marginal Costs
The additional cost required to produce one more unit of a product, reflecting how total costs change with production volume.
Total Cost Function
An equation that expresses the total cost of producing a given quantity of output as the sum of all production costs.
Inverse Demand Function
A mathematical function that expresses the price of a good or service as a function of the quantity demanded, illustrating how price varies with changes in demand.
Landing Rights
The permission given by a country to a foreign airline to land in its territory.
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