Examlex
What is the distance between like-colored phosphorous dots on adjacent dot triads of a CRT monitor called?
Marginal Cost
The additional cost incurred from producing one more unit of a good or service.
Moral Hazard
The situation where one party in an agreement is tempted to take undue risks because the negative consequences of the risk will be suffered by the other party.
Efficient Level
The optimal point of production or operation where costs are minimized and productivity or utility is maximized.
Warranty
A guarantee, usually made by a seller to a buyer, promising to repair or replace a product if necessary within a specified period.
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