Examlex
The use of rule-of-thumb measures is superior to comparison of financial measures or ratios of the same company over a period of time.
Competitive Seller
A seller who operates in a market with many buyers and sellers, where no single entity has the power to significantly influence market prices.
Marginal Costs
The increase or decrease in the total cost of a production run for making one additional unit of an item.
Average Total Cost
The per-unit cost of production, obtained by dividing total costs by the total quantity of goods or services produced.
Marginal Cost
The expenditure for assembling another unit of a product or service.
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