Examlex
A variable cost decreases in total and per-unit when output decreases.
Effective Rate
The actual interest rate an investor earns or pays on an investment or loan, taking into account the effect of compounding.
Nominal Rate
Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.
Opportunity Cost
Missing out on possible advantages from other choices when a specific choice is made.
Benefit
is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.
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