Examlex
In the short run,if marginal cost is less than price for the last unit produced,the firm should expand output.
Satisfaction
A measure of how products or services meet or surpass customer expectations.
Consumption
The use of goods and services by households or individuals, typically as it contributes to economic measures like GDP.
Service
An intangible act or use for which a consumer, firm, or government is willing to pay.
Good
An item or service that satisfies a want or need and is available for sale or exchange in the market.
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