Though killer whales, also called orcas, are considered whales by most people, they are actually members of the Delphinidae (dolphin) family. Killer whales are excellent hunters that a wide range of prey, including fish, seals, and big whales such as blue whales.
firm price. Definition. Price which is not negotiable. Use firm price in a sentence. â The offer was made, it was a firm price, so the investor had the opportunity to take or leave it.
(July 2011) A relative price forsay, is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices. A relative price may be expressed in terms of a ratio between any two prices or the ratio between the price of one particular good and a weighted average of all other goods available in the market. A relative price is an opportunity cost. Microeconomics can be seen as the study of how economic agents react to changes in relative prices.