Examlex
Concerning the balance-of-payments, a current account surplus means an excess of exports over imports of goods, services, investment income, and unilateral transfers.
Marginal Revenue
The extra revenue generated by the sale of an additional unit of a product or service.
Monopolist
An individual or business entity that is the sole provider of a particular good or service, enabling control over market prices.
Inverse Demand Function
A mathematical function that expresses price as a function of quantity demanded, illustrating how price varies with changes in demand.
Total Costs
The complete cost of production that includes both fixed and variable costs.
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