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On a two-dimensional graph representing two variables:
Total Revenue
The total income generated by a company from its sales of goods or services before any costs or expenses are deducted.
Variable Costs
Costs that fluctuate in proportion to the level of output or activity in a business, such as raw materials and labor expenses.
Total Revenue
The total amount of money received by a firm from sales of its products or services, before any expenses are subtracted.
Variable Costs
Costs that vary directly with the level of production or output, such as raw materials and labor expenses.
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