Examlex
What is a category of AI that attempts to emulate the way the human brain works?
Market Supply And Demand
The economic model that explains the interaction between the supply of goods and services and the demand for them, determining their market prices.
Marginal Cost
A rise in the cumulative expenses associated with the production of an extra unit.
Economic Rent
Extra income earned by a factor of production due to its limited supply or unique properties, over and above its opportunity cost.
Output Tax
A tax levied on the quantity of production or output generated by a company, as opposed to income or profit.
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