![]() ![]() Supply and Demand Graph: The visual representation of the supply and demand for a firm's production.Ĭontent Standards From National Content Standards in Economics:.Diminishing Returns: by adding more of one factor to the overall production of a product or service will eventually lead to a decrease in output and therefore a decrease in profit.Cost: The value or price necessary to produce something.Revenue: Income that a business receives through business activity. ![]()
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