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the period of time in which all the inputs (fixed and variable) can be changed. The time it takes for all factors to become variable.
the minimum level of profit needed for a company to remain competitive in the market.
the ability of a firm or nation to produce goods and services of an acceptable quality and at...
the change in the firm's total revenue as a result of selling an extra unit of output
the relationship between tax rates and tax revenue; beyond a certain tax rate level the economy...