Examlex
What are the smaller secondary volcanic vents on a large composite volcano like Mt.Etna called?
Marginal Benefit
The supplementary enjoyment or advantage derived from consuming an extra unit of a good or service.
Marginal Cost
The amount of money needed to manufacture an extra unit of a good or service.
Diagram
A simplified drawing or plan that represents the essential features of something, often used for explanation or clarification.
Coase Theorem
A principle that asserts if trade in an externality is possible and there are no transaction costs, parties can negotiate to solve the problem privately.
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