Examlex
Match the person or term with the with the correct description.
-NAFTA
Output
The total amount of goods or services produced by a firm or economy.
Total Revenue
The total amount of money a company receives from its business activities before any expenses are subtracted, calculated by multiplying the price per unit by the quantity sold.
Total Cost
The complete cost of production, including both fixed and variable costs.
Quantity Effect
Refers to the change in consumer behavior resulting from a change in the price of a product, where the quantity demanded increases as the price decreases and vice versa.
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