Examlex
In giving difficult, timed memory tasks to older adults, neuroscientists find _____ activation.
Marginal Revenue
The additional income derived from selling one more unit of a good or service.
Lerner Index
A measure of a firm's market power, calculated as the difference between price and marginal cost divided by price.
Elastic
Describes demand that is highly sensitive to changes in price, meaning that quantity demanded can significantly increase or decrease as prices change.
Average Cost
The total cost of production divided by the number of goods produced, representing the per-unit cost.
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