Examlex
Match the terms with the descriptions related to merchandise sales and purchases.
-shipping costs paid to acquire merchandise
Federal Excise Tax
A tax imposed by the federal government on the sale of certain goods and services, such as gasoline, alcohol, and tobacco.
Efficiency Loss
The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.
Marginal Benefit
The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.
Marginal Cost
The increase in cost that results from producing one additional unit of a good or service.
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