Define exemplify. exemplify synonyms, exemplify pronunciation, exemplify translation, English dictionary definition of exemplify. tr.v. exÂ·emÂ·pliÂ·fied , exÂ·emÂ·pliÂ·fyÂ·ing , exÂ·emÂ·pliÂ·fies 1. a. To illustrate by example: exemplify an argument. b. To serve as an example of: scenes that...
The law of increasing costs, a commonly held economic principle, states that an operation running at peak efficiency and fully utilizing its fixed-cost resources, will experience a higher cost of production and decreased profitability per output unit with further attempts at increasing production.
The answer is that it is the difference which is relevant. The increase in. revenue is $3,000. Food costs constitute 40% of revenue: these increase from $44,000 to. $45,200, an increase of $1,200. Other variable costs constitute 30% of revenue and these. increase from $33,000 to $33,900, an increase of $900.