Examlex
While this type of backup process takes longer than the alternative,restoration is easier and faster.
Competitive Price-Taker
A rephrased scenario where businesses in competitive markets accept the prevailing market price as given because they have no power to influence it.
Profit
The financial gain realized when the revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Marginal Revenue
The additional revenue that a firm receives from selling one more unit of a good or service.
Marginal Cost
The extra expense resulting from the manufacture of an additional unit of a product or service.
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