Examlex
Variable annuities are usually better choices than fixed annuities for risk tolerant investors during the withdrawal phase of the annuity.
Marginal Cost
The financial impact of manufacturing an additional unit of a product or service.
Profit Maximization
A company's objective to make the most amount of profit possible with its current resources and market conditions.
Competitive Firm
A company that operates in a market with many buyers and sellers, where each has a negligible effect on the market price.
Average Total Cost
The cost per unit of output, calculated by dividing the total production cost by the quantity of output produced.
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