Examlex
Explain why utility firms tend to have fairly high debt ratios.
Demand Curve
A graph depicting the relationship between the price of a good or service and the quantity demanded for a given period.
Marginal Cost
The amount spent to manufacture one more unit of a product or service.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.
Upsloping
A description for a curve or a line on a graph that shows a positive relationship between two variables, indicating that as one variable increases, the other also increases.
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