Examlex
Solve using the quadratic formula.Round answers to nearest thousandth.
Equilibrium
A market phase where demand is matched by supply, which in turn stabilizes prices.
Limited Resources
The scarcity of resources in comparison to the potentially limitless wants and needs, forcing the need for allocation decisions.
Capacity Utilization Rate
The percentage of a firm's total possible production capacity that is actually being used over a given period.
Global Economy
The interconnected networks of economic activities, trade, and investment transcending national borders, encompassing the production, distribution, and consumption of goods and services worldwide.
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