Examlex
The days' sales in receivables ratio indicates the number of days it takes to collect the average level of accounts receivable.
Quantity Supplied
Quantity Supplied refers to the amount of goods or services that sellers are willing and able to sell at a given price over a specified period of time.
Price Increase
When the cost of goods or services rises over a period.
Long Run
A period in economics where all factors of production can be adjusted, allowing firms to change their output levels based on market demands.
Marginal Revenue Curve
A graphical representation showing how marginal revenue varies with changes in quantity sold, highlighting the additional revenue from selling one more unit.
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