Examlex
When researchers monitored the professional accomplishments of more than 1500 highly intelligent individuals, they found that the most successful were more ambitious, energetic, and persistent. This best illustrates the importance of
Marginal Cost
The increased cost resulting from the production of an extra unit of a good or service.
Fourth Unit
A reference to a specific item in a series, often used in economic theories or models to discuss marginal utility or cost of an additional unit.
Marginal Revenue
The rise in income generated by selling an additional unit of a product or service.
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