Examlex
Why is the real world deposit multiplier smaller than 1/RR, where RR is the reserve ratio?
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Contribution Margin
The gap between sales income and variable expenses, demonstrating the extent to which income aids in covering constant costs and producing earnings.
Average Costs
The cost per unit of output on average, calculated by dividing total costs by the total quantity of output.
Selling Price
Selling price is the amount of money a buyer pays to purchase a product or service from a seller.
Incremental Cost
An increase in cost between two alternatives.
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