Examlex
Which of the following needs is the strongest according to Maslow's needs hierarchy theory?
Marginal Cost
The extra expense associated with the creation of an additional unit of a product or service.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, leading to a mismatch in supply and demand.
Demand Curve
A chart that displays the connection between a product's price and the amount of the product buyers are prepared and able to buy at different price levels.
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good changes as the production volume changes.
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