Examlex
In calculating the rate of return on average investment, average investment should be calculated as (beginning book value + ending book value)/2.
Increasing-Cost Industry
Industry whose long-run supply curve is upward sloping.
Output Tax
A tax levied on the production or output of goods and services, often implemented to regulate or diminish the production of certain products.
Cost And Supply Curves
Graphical representations that show how the cost of producing a good and the quantity supplied vary with quantity produced.
Constant-Cost Industry
An industry in which the costs of production do not change as the industry's output changes.
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