Examlex
Back-end fees on loan commitments are charged as a certain percentage of
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.
Perfectly Elastic
An economic term describing a situation where the quantity demanded or supplied changes infinitely in response to any change in price.
Increasing-Cost Industry
Industry whose long-run supply curve is upward sloping.
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