________ Is a Borrower's Payment to the Owner of an Asset

question 81

Short Answer

________ is a borrower's payment to the owner of an asset for its use.

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Definitions:

Marginal Cost

The cost added by producing one additional unit of a product or service.

Output

The aggregate output of products or services generated by a corporation, sector, or economic system.

Price-Taker Market

A market in which sellers have no ability to influence the price of the goods or services they sell; price is determined by supply and demand.

Marginal Cost

The expense associated with manufacturing an extra unit of a product.